Case Study

How Synechron enabled 39 firms to complete a global trial of self-sovereign corporate KYC processes based on R3’s Corda blockchain platform

How Synechron enabled 39 firms to complete a global trial of self-sovereign corporate KYC processes based on R3’s Corda blockchain platform

Pages 8 Pages

Case Study How Synechron enabled 39 firms to complete a global trial of self-sovereign corporate KYC processes based on R3’s Corda blockchain platformSo, when the digital business consulting and technology services provider Synechron set out to build a blockchain-based self-sovereign corporate KYC solution, it chose to collaborate with R3. In June 2018, the platform that Synechron built – LEIA II – underwent a successful four-day collaborative pilot, with 39 participants completing more than 300 KYC transactions across 19 countries. It went without a hitch, paving the way to a future transformation of KYC processes worldwide. The Pain-point in KYC The problems that know-your-customer (KYC) processes pose, both to banks and their corporate customers, have been well-known for

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