Unpublished conference/Abstract (Scientific congresses, symposiums and conference proceedings)
Privacy-preserving KYC on Ethereum
Biryukov, Alex; Khovratovich, Dmitry; Tikhomirov, Sergei
20181st ERCIM Blockchain Workshop 2018


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Keywords :
blockchain; smart contracts; Ethereum; know your customer; KYC
Abstract :
[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.
Disciplines :
Computer science
Author, co-author :
Biryukov, Alex ;  University of Luxembourg > Faculty of Science, Technology and Communication (FSTC) > Computer Science and Communications Research Unit (CSC)
Khovratovich, Dmitry;  ABDK Consulting and Evernym Inc.
Tikhomirov, Sergei ;  University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > Computer Science and Communications Research Unit (CSC)
External co-authors :
Language :
Title :
Privacy-preserving KYC on Ethereum
Publication date :
09 May 2018
Number of pages :
Event name :
1st ERCIM Blockchain Workshop 2018
Event organizer :
Event place :
Amsterdam, Netherlands
Event date :
from 2018-05-08 to 2018-05-09
Audience :
Focus Area :
Security, Reliability and Trust
Available on ORBilu :
since 14 June 2018


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