Published Paper Details:

The electronic know your customer (e-KYC) system allows a banking or identity provider to set up a customer identification data verification process between reliant parties. Most banks deploy their e-KYC system on the cloud due to the efficient resource consumption and high degree of accessibility and availability.The KYC methods employed by banks are entirely reliant on encryption, which is slow and can result in the leakage of consumer information to third-party financial organizations. This system can be made more efficient by utilizing Blockchain technology, which has the potential to automate many human operations while also being resistant to attacks of any kind. The immutable blockchain block and its distributed ledger are an ideal complement to the KYC procedure. Fraud detection can be automated with the addition of smart contacts.We can use any type of KYC to store KYC identification details. As a result, banks can create a shared private blockchain within the bank's premises that can be used to validate documents. This gives the user control over their sensitive documents, while simultaneously making it easy for banks to access the records required for compliance.