Blockchain Based KYC Model for credit Allocation in Banking
Publicada el 2026-08-02
Descripción de la oferta
The Blockchain-Based KYC Model for Credit Allocation in Banking is a secure and decentralized system that simplifies the Know Your Customer (KYC) verification process while improving the efficiency of loan approvals. Instead of storing customer data in a centralized database, KYC information is securely stored and shared using blockchain technology, making it tamper-proof, transparent, and easily accessible to authorized banks. The system uses smart contracts to automate KYC verification and loan eligibility checks. Once a customer's identity is verified, the verified KYC data can be reused across multiple banks, reducing duplicate verification, saving time, and lowering operational costs. A credit assessment module analyzes the customer's financial information and credit history to support fair and faster credit allocation. Technologies Used: Frontend: HTML, CSS, JavaScript Backend: Java, Spring Boot Blockchain: Ethereum, Solidity, Web3j Database: MySQL Key Features: Secure and decentralized KYC storage Tamper-proof customer records using blockchain Smart contract-based KYC verification Faster and transparent loan approval process Reduced fraud and duplicate KYC submissions Improved customer trust and data privacy Outcome: This project enhances the security, transparency, and efficiency of banking operations by combining blockchain technology with automated KYC verification and credit allocation, resulting in faster loan processing and reduced fraud.
Skills
Fuente original: freelancer