IBM, Banks Complete PoC of Blockchain-Based Shared KYC

Announcements, Blockchain, Innovation | November 16, 2017 By:

Tech giant IBM has successfully completed the Phase I proof-of-concept (PoC) of its Shared Corporate Know-Your-Customer (KYC) project. The PoC was conducted in partnership with Deutsche Bank, HSBC, Mitsubishi UFJ Financial Group (MUFG) and the Treasuries of Cargill, IBM.

IBM said the PoC demonstrated how the blockchain-based IBM Shared KYC platform provides a secure,