In this whitepaper we are exploring how blockchain or a DLT can help banks, insurers and fintech companies solve KYC and AML related customer on-boarding hurdles. We are proposing a privacy focused Identity attributes and KYC checks sharing scheme that is compatible with existing processes and is also future proof.

3. Mundane
Identity
Digital
Identity
Digital
IdentityDigital
IdentityVirtual
Identity
Keys
Certificates
Evidence
Authentication
Authorisation
Identification

6. Contents
Consensus
Communications
Contracts
Control
How can we animate the transactions to trigger future events?
What kind of assets are in the immutable record of transactions?
How do we agree the immutable record of transactions across organisations?
How are transactions created and propagated within and across entities?
How permissions are distributed, code validated, introperability ensured?
Consensus
Computer

8. Contents
Consensus
Communications
Contracts
Control
Functional
Non-functional
Ledger Component
Ledger Logic
Ledger Data

9. Digital Identity Virtual Identity Mundane Identity
Ledger Component
Ledger Logic
Ledger Data
Ledger Component
Ledger Logic
Ledger Data
wallet
Identity
Directory
Identity
Instance
Passport
Service
Credit
Bureaux
Other KYC
Authority
Read Read
Create
Read
Update
Delete
APIs
Create
Update
Delete
KYC Authority

13. Ledger Component
Ledger Logic
Ledger Data
Ledger Component
Ledger Logic
Ledger Data
3 4
2
1
Bank A
Identity Instance
Consumer
Identity Instance
Bank A
Ledger Component
Ledger Logic
Ledger Data
Ledger Component
Ledger Logic
Ledger Data
2
4
3
Consumer
Identity Instance
Bank B
Identity Instance
Bank b
Bank A
1
5