{"id":20913,"global_id":"www.altoros.com\/blog?id=20913","global_id_lineage":["www.altoros.com\/blog?id=20913"],"author":"1","status":"publish","date":"2017-02-17 08:06:08","date_utc":"2017-02-17 05:06:08","modified":"2021-09-09 18:25:37","modified_utc":"2021-09-09 15:25:37","url":"https:\/\/www.altoros.com\/blog\/kyc-the-ideal-showcase-for-the-hyperledger-blockchain-technology\/","rest_url":"https:\/\/www.altoros.com\/blog\/wp-json\/tribe\/events\/v1\/events\/20913","title":"Know-Your-Customer\u2014The Ideal Showcase For The Hyperledger Blockchain Technology","description":"<p><strong>Join the webinar to learn how a real-life problem in KYC (know-your-customer) management is significantly reduced with the use of the innovative Hyperledger blockchain technology.<\/strong><\/p>\n<p>Banks are currently spending on average $50-60 million per year on KYC processes, largely due to cumbersome manual processes. Norbloc, a Hyperledger Project member company, has built a\u00a0KYC blockchain-enabled platform powered by Hyperledger Fabric technology that allows:<\/p>\n<div class=\"col m-6\">\n<div class=\"finance-block-text\">\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\">Highly secure digitization of KYC profiles<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Secure and auditable sharing of KYC profiles<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Monetization of banks\u2019 KYC stamp of approval<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">According to norbloc, financial institutions can achieve 30% savings by using the platform, with minimal change of internal KYC procedures and limited system integration.<\/span><\/p>\n<p class=\"p1\"><strong>Why join the webinar:<\/strong><\/p>\n<\/div>\n<\/div>\n<p>This session will show how the blockchain technology can apply to a KYC use case for simpler compliance process.<\/p>\n<p><strong><a href=\"https:\/\/www.linkedin.com\/in\/vitalii-demianets-20843359\/\" rel=\"nofollow\">Vitalii Demianets<\/a><\/strong>\u00a0from norbloc will present a blockchain platform powered by Hyperledger Fabric technology. He will speak on the challenges (legal and technical) that norbloc team faced in producing their KYC solution and how one can reason about choosing the best platform to work on for their blockchain application.<\/p>\n<p><b>Agenda:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the problem in KYC management process that norbloc is solving with Hyperledger<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What were the challenges they faced in the process<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How the platform operates today &#8211; live\u00a0<\/span><span style=\"font-weight: 400;\">demonstration<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">How norbloc used Hyperledger and why they chose Fabric as the underlying protocol<\/span><\/li>\n<\/ul>\n<p><b>Who should watch:<\/b><\/p>\n<ul>\n<li>Senior leadership and heads of innovation initiatives in banks, financial institutions, insurance firms, consultancies, other enterprises<\/li>\n<li>Compliance officers, project managers, information architects, security officers and other compliance-related professionals<\/li>\n<li>Developers and blockchain enthusiasts interested in non-trivial blockchain use cases<\/li>\n<\/ul>\n<p><b>About the speaker:<\/b><\/p>\n<p><a href=\"https:\/\/www.linkedin.com\/in\/vitalii-demianets-20843359\/\" rel=\"nofollow\"><b>Vitalii Demianets<\/b><\/a><span style=\"font-weight: 400;\"> is Co-founder and Lead Developer at norbloc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Hyperledger Project member, Norbloc is a software company with headquarters in Stockholm, Sweden. Norbloc is a blockchain platform and applications provider, focusing on financial services and government initiatives.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vitalii is a full stack software architect, with a specialization in blockchain protocols and embedded software.\u00a0<\/span><span style=\"font-weight: 400;\">Previously, Vitalii was the lead developer of KnCMiner, and prior to that spent 15 years as the Head embedded software engineer at telecom equipment manufacturer Factor-SPE in Ukraine.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vitalii holds a MSc in Applied Mathematics from the Moscow Institute of Physics and Technology.<\/span><\/p>","excerpt":"<p>Join the webinar to learn how a real life problem in KYC management is significantly reduced with the use of the innovative Hyperledger blockchain 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