Toshblocks > Blogs > Use Case
How Businesses Can Save Time & Money Using Blockchain-based KYC?
- 14 April, 2017
- Posted by: toshendra
- Category: Blockchain, Use Cases
KYC is a cumbersome, time-consuming, arduous and expensive process in the banking sector, financial institutions, and other businesses. There are many challenges in KYC processes, which primarily involve huge costs, effort and time. Hence, with centralized databases, the process has become quite a sort of a headache to banks and other businesses. So, let’s see