Corporate KYC and Charge Registry

Corporate KYC and Charge Registry

Corporate KYC and Charge Registry

Blockchain market-place for sharing and monetizing corporate KYC and charge related records.

Financial and capital markets use the KYC (Know Your Customer) system to identify "bad" customers and minimise money laundering, tax evasion and terrorism financing. Efforts to prevent money laundering and the financing of terrorism are costing the financial sector billions of dollars. Banks are also exposed to huge penalties for failure to follow KYC guidelines. Costs aside, KYC can delay transactions and lead to duplication of effort between banks.

Corporates leverage their immovable, movable and intangible assets to raise debt. This creates charges such as hypothecation, lien, mortgage, pledge.

Primechain-eKYC is a permissioned blockchain for sharing and monetizing corporate KYC and charge related records.

Primechain-eKYC records are stored in the blockchain in an encrypted form and can only be purchased by banks that have been "whitelisted" by the issuer bank. This ensures data privacy and confidentiality while at the same time ensuring that records are shared only between banks that trust each other.

For details on codes for Corporate KYC and Charge Registry, see: http://www.bankchaintech.com/codes_kyc.php

  • Version: 1.0
  • Availability: Blockchain-As-A-Software
  • Source code: Available
  • Sandbox: Available as part of the Primechain-MONEY sandbox

FAQs

Under what mode is this project available to Bankchain members?
The source-code & node-code is available under the Bankchain License Version 1.1.
What are the costs for customization / integration?
This depends upon the scope of customization / integration required. Please email us the details on info@primechain.in.
Can we hire a third party vendor to do the customization / integration?
Yes.
Where can I get details about the features / architecture of this solution?
Does Primechain offer SLA / commercial support for this solution?
Yes. Please email us on info@primechain.in for details.
What are the hardware requirements to run this project as a pilot / PoC?
3 servers with the following minimum configuration: 32 GB RAM, 16 core processors, 256 GB disk.
What are the hardware requirements to run this project commercially?
7 servers with the following minimum configuration: 32 GB RAM, 16 core processors, 256 GB disk.

1 server with the following minimum configuration: 32 GB RAM, 16 core processors, 1 TB disk.