Enabling Trust and Privacy Preserving E-KYC System Using Blockchain

Nalawade V.s, Ahire Kunal, Divate Devendra and Pawar Saurabh

International Journal of Scientific Research in Computer Science, Engineering and Information Technology, 2023, vol. 9, issue 10, 01-09

Abstract: Banks and identity providers use the electronic Know Your client (e-KYC) system to set up client identity verification procedures with reliant parties. Because cloud-based e-KYC systems are more accessible and efficient with resources, many banks choose them. But e-KYC data security in the cloud is a serious issue. Strong authentication and conventional encryption are generally used in existing e-KYC platforms, which results in encryption dependencies and administration overheads when files are uploaded to the cloud. In this work, we introduce the “e-KYC Trust Block,” a revolutionary blockchain-based e-KYC solution that improves trust, security, and privacy compliance through the use of ciphertext policy attribute-based encryption (CP-ABE) and client consent enforcement. Furthermore, we present attribute-based encryption to support privacy protection and granular access control for delicate transactions recorded in the blockchain.

Keywords: E-KYC; Authentication; CP-ABE; Identity Verification; Authorization System; blockchain; . (search for similar items in EconPapers)
Date: 2023
Note: Article URL: https://ijsrcseit.com/CSEIT236101
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