KYC-Chain has had a busy summer. So here’s our short monthly update for your quick read:
- We have started projects with a couple of precious metal platforms, a trading desk in HK, and a refinery in the UAE. Both are long-established companies that have been keen to update and digitize their onboarding experience for both clients and compliance teams.
- An opportunity to support the fund-raising sale for a decentralized base layer blockchain protocol project. This was interesting as there was a need to onboard many different investor types ranging from VCs to high net worth individuals – a combination of legal entities and natural persons.
- A growing area in the blockchain space is crypto lending. We began support for a platform that acts as a medium between lenders and borrowers, connecting the two. The business case was to help run KYC on behalf of the lenders, so there were a number of counterparties to track. This requires a user-friendly frontend to enable the correct counterparty to onboard the right borrower.