Sri Lanka kicks off work on blockchain-based KYC platform

July 20, 2020 by norbloc_editor

The Central Bank (CB) yesterday kicked off the process of developing a blockchain-based Know-Your-Customer proof of concept, with the monetary institution entering into agreements with three applicants.

The selected applicants are Sampath Bank PLC together with the University of Colombo School of Computing (UCSC) as joint applicants; norbloc AB from Sweden; and Yaala Labs Ltd. and Linearsix Ltd., both Sri Lankan companies, as joint applicants. Read more…