Blockchain and distributed ledger technological (DLT) solutions provide an immutable digital platform with a variety of uses from user identification and infrastructure protection in cyber security to streamlining of processes with smart contracts to utilizing the immutable nature of blockchain to maintain a log of transactions.
Leveraging on DLT and Anti-Money Laundering (AML) technologies, the e-KYT solution enables a secure and auditable exchange of information. The embedded intuitive user interface improves workflow efficiency through simplifying and streamlining the transaction process, including the eradication of discrepancies in paper-based documentation. The solution utilizes tokens to track and manage transaction information, reducing the cost of labor and the cost of investigating for human errors and fraud.
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