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AjayEdupuganti

Hey I am on Medial • 11m

How can we solve the KYC problem that all companies face? Going back to physical verification isn’t an option with today’s tech advances.

Sajin
•

Foundation • 11m

Too much unnecessary trust issues. NFTs were created for these purposes. Centralized easily verifiable secured data owned by people. Its also easy to create non transferable NFTs. Theres no need to carry any document. But again unnecessary fears

2 replies

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Anonymous 4

Hey I am on Medial • 11m

How can you plainly say unnecessary trust issue?🤡 KYC is a critical point for a financial landscape.Blockchain solutions are good but come with many drawbacks, such as at scale, security is compromised a little bit, and the centralized banking system would never want decentralized solutions.

1 replies

AjayEdupuganti

Hey I am on Medial • 11m

Can you explain a bit more or share any resource that explains this stuff. I want to get a clearer picture of how to implement this.

0 replies

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