An investigation on how blockchain technology can transform the know-your-customer (KYC) process

Detalhes bibliográficos
Autor(a) principal: Botha, Liam Lamey
Data de Publicação: 2024
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/164926
Resumo: Dissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Information Systems and Technologies Management
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spelling An investigation on how blockchain technology can transform the know-your-customer (KYC) processBlockchainKnow-Your-CustomerKYCDistributed Ledger TechnologyIdentity VerificationSDG 8 - Decent work and economic growthDomínio/Área Científica::Ciências Naturais::Ciências da Computação e da InformaçãoDissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Information Systems and Technologies ManagementThe Know-Your-Customer (KYC) process plays a crucial role in combating financial fraud and money laundering. The KYC process involves validating a customer’s identity through the inspection and analysis of various forms of documentation. This mandatory process must be completed before a financial institution and a customer can establish a business relationship. However, the current procedures are outdated, as they prove to be extremely costly and time-consuming, which hinders the overall efficiency of the process. The adoption of blockchain technology has the potential to transform this process by eliminating redundant tasks and establishing a platform where KYC information can be seamlessly shared across various financial institutions. In this article, we undertake a systematic literature review employing the Systematic Mapping Process to identify prior research conducted within the scope of the KYC and blockchain. Throughout the systematic literature review, we present the findings of previous researchers and emphasise the similarities and differences of their findings. Lastly, we present a conceptual model for a subscription-based KYC system utilising blockchain technology. The model aims to enhance and expand upon previous research conducted within this scope. This model incorporates tokens as a means of payment between financial institutions and central authorities, who are responsible for overseeing the KYC process. This model utilises a permissioned blockchain along with an InterPlanetary File System (IPFS) network for documentation storage. It encourages collaboration among financial institutions, as it enables the distribution of the customer’s KYC verification status among entities operating on the platform.Santos, Vítor Manuel Pereira Duarte dosRUNBotha, Liam Lamey2024-03-14T16:23:06Z2024-02-022024-02-02T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/164926TID:203545060enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-18T01:47:48Zoai:run.unl.pt:10362/164926Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T04:02:05.141991Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv An investigation on how blockchain technology can transform the know-your-customer (KYC) process
title An investigation on how blockchain technology can transform the know-your-customer (KYC) process
spellingShingle An investigation on how blockchain technology can transform the know-your-customer (KYC) process
Botha, Liam Lamey
Blockchain
Know-Your-Customer
KYC
Distributed Ledger Technology
Identity Verification
SDG 8 - Decent work and economic growth
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
title_short An investigation on how blockchain technology can transform the know-your-customer (KYC) process
title_full An investigation on how blockchain technology can transform the know-your-customer (KYC) process
title_fullStr An investigation on how blockchain technology can transform the know-your-customer (KYC) process
title_full_unstemmed An investigation on how blockchain technology can transform the know-your-customer (KYC) process
title_sort An investigation on how blockchain technology can transform the know-your-customer (KYC) process
author Botha, Liam Lamey
author_facet Botha, Liam Lamey
author_role author
dc.contributor.none.fl_str_mv Santos, Vítor Manuel Pereira Duarte dos
RUN
dc.contributor.author.fl_str_mv Botha, Liam Lamey
dc.subject.por.fl_str_mv Blockchain
Know-Your-Customer
KYC
Distributed Ledger Technology
Identity Verification
SDG 8 - Decent work and economic growth
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
topic Blockchain
Know-Your-Customer
KYC
Distributed Ledger Technology
Identity Verification
SDG 8 - Decent work and economic growth
Domínio/Área Científica::Ciências Naturais::Ciências da Computação e da Informação
description Dissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Information Systems and Technologies Management
publishDate 2024
dc.date.none.fl_str_mv 2024-03-14T16:23:06Z
2024-02-02
2024-02-02T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/164926
TID:203545060
url http://hdl.handle.net/10362/164926
identifier_str_mv TID:203545060
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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