VerifyChain - Shared KYC on Blockchain
A blockchain-based shared KYC platform that enables users to verify their identity once and securely reuse it across institutions.
Mentor
Pratiksha Rai
Mentor
Pratiksha Rai
Fellows
Prabesh Yadav
Suman Maharjan
Simon Raj Bir Shrestha
Arpana Bista
Signor Pandeya
What is VerifyChain - Shared KYC on Blockchain ?
Today in Nepal, a citizen opening accounts at three different banks must submit their citizenship certificate, passport photo and personal documents three separate times. Each bank stores this data in its own system, repeating the same verification process independently. This wastes time for citizens, costs banks money, and creates multiple vulnerable copies of sensitive data. VerifyChain solves this with a verify-once, use-everywhere model.
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