Reference : Privacy-preserving KYC on Ethereum
Scientific congresses, symposiums and conference proceedings : Unpublished conference
Engineering, computing & technology : Computer science
Security, Reliability and Trust
Privacy-preserving KYC on Ethereum
Biryukov, Alex mailto [University of Luxembourg > Faculty of Science, Technology and Communication (FSTC) > Computer Science and Communications Research Unit (CSC) >]
Khovratovich, Dmitry mailto [ABDK Consulting and Evernym Inc.]
Tikhomirov, Sergei mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > Computer Science and Communications Research Unit (CSC) >]
1st ERCIM Blockchain Workshop 2018
from 2018-05-08 to 2018-05-09
The Netherlands
[en] blockchain ; smart contracts ; Ethereum ; know your customer ; KYC
[en] Identity is a fundamental concept for the financial industry. In order to comply with regulation, financial institutions must verify the identity of their customers. Identities are currently handled in a centralized way, which diminishes users' control over their personal information and threats their privacy. Blockchain systems, especially those with support for smart contracts (e.g.,~Ethereum), are expected to serve as a basis of more decentralized systems for digital identity management.

We propose a design of a privacy-preserving KYC scheme on top of Ethereum. It would let providers of financial services leverage the potential of blockchain technology to increase efficiency of customer onboarding while complying with regulation and protecting users' privacy.

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