Imagine having at your disposal a software program that could manage the various types of risks associated with your business. Sound interesting enough, doesn’t it? Now, what if we told you that this software program was actually developed for scheduling resources on the field!

DreamzTech is excited to announce that our blockchain division, DreamzChain has successfully launched a  blockchain based Know Your Customer (KYC) cutting edge Corda Solution and is now publicly available in the R3 marketplace.

The solution is available in https://marketplace.r3.com/solutions/dreamzchain-kyc

The  KYC solution is one of the next game changers in the financial industry and using its transparency, security and immutable nature, it helps to reduce time, paperwork, and human workforce engagement for back-office jobs and provides cost and operational efficiencies.

Context and Business Case

Identity in the financial services is usually defined by government-issued identity (drivers’ license, passport, social security card, etc.), and Know Your Customer (KYC) processes provide the backbone to financial institutions’ anti-money laundering efforts and help to detect and prevent criminal behaviours. However Despite the importance, KYC at many financial institutions is inefficient and tedious, duplication of effort and risk of error, which is costly and could negatively impact customer experience and ultimately hamper financial institutions brand value.