As we know, blockchain is a digital public ledger that stores data securely, making it almost impossible to hack or alter without authorization. Since its inception in 1992-93, it has evolved dramatically and made its mark in
Blockchain can help monitor every stage of processes in supply chains, from raw materials inventory to the end product delivery stages. For example, Walmart has successfully used blockchain to track products in supply chains from origin to final delivery in the food industry.Creating land deeds records is a complex task that might be spread over a span of many years. It involves multitudes of steps that require proper data storage at every stage.
It helps with all operations, including verifying customer identity, streamlining KYC onboarding process, and throughout the entire customer lifecycle. Reducing the data processing costs by reducing response time and eliminating manual work is also some of the added advantages of blockchain in KYC.Elections are pivotal processes for any democracy or institution. The accuracy and security of the data cannot be compromised at any cost.