A decentralised KYC system using blockchain based smart contracts
We aim to divide costs, allow hassle-free verification and transparent process of KYC. KYC needs to be performed only once and then can be shared among institutions, thus saving repeated work.
About
The problem it solves It solves the issues of anti money laundering, cumbersome process of kyc for customers and huge costs involved in performing KYC.
How it's made
Challenges we ran into We were kind of ready with backend and smart contracts. Smart contract was working as desired , However we couldn't implement the front-end aspect of the app primarily because we were not familiar with React's workflow. But, we certainly were acquainted with certain newer technologies and alternatives which we might not have put to use right now, but definitely seem a fine fit for problems faced.