INTERNATIONAL JOURNAL OF INFORMATION AND COMPUTING SCIENCE ISSN NO: 0972-1347

BLOCKCHAIN TECHNOLOGY FOR KYC DOCUMENT

VERIFICATION
M. Mohamed Rafik1 & Dr.T.Ananth Kumar2
1
U.G.STUDENT, 2ASSISTANT PROFESSOR
Department of Computer Science & Engineering
IFET COLLEGE OF ENGINEERING, GANGARAPALAYAM

Abstract: Blockchain is one of the be applied in the real time

most powerful technology that has
taken the world by storm these days.
Blockchain can be applied for the
various challenging task, one of the
major challenge is financial because
verifying the KYC document for the
multiple financial sectors is a time
consuming process and data insecure
because documents are maintained by
the centralized organization .The
proposed KYC system is a
decentralized system that are
developed by Blockchain which can
be used to establish the proof of
identity for an individual person and
also this is cost efficient method and
the data stored on the decentralized
application is an additional security.
Keyword: blockchain, kyc
INTRODUCTION: since the
evaluation of Bitcoin, blockchain can
environment. Blockchain is
completely decentralized, immutable,
tamper proof and secured. Only the
authorized user can able to see the
data in the blockchain network that
provides transparency by this
blockchain can be implemented in the
KYC chain to provide a decentralized
data storage and transparency.
Because managing the same customer
information in the various bank and
other financial sectors that creates
data redundancy and high cost for
maintaining the sensitive information.
In the traditional system that also
have a lack of security. Blockchain
based Kyc verification can solve all
the problem that are exist in the
traditional method. Using the
generation of signature keys, the
signature token is required for access
the information of the individuals, as

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INTERNATIONAL JOURNAL OF INFORMATION AND COMPUTING SCIENCE
certain action can perform only
through the user permission.
LITRATURE SURVEY:
[1] Block chain orchestration and
experimentation framework: a case
study of kyc Wazen
M.Shbair*,Mathis Steichen*,Jerome
Francois, Radu State* University of
Luxembourg. In this, the author
discussed how the blockchain
orchestration framework perform end
explain about the experimental work
for the blockchain technology in this
can be easy to learn for the developer
to develop a blockchain on document
verification. [2] Transaction
Authorization from Know Your
Customer (KYC) Information in
Online Banking Prakash Chandra
Mondal,1,* Rupam Deb,2 and
Mohammad Nurul Huda1. In this, the
author have briefly discussed about
how the blockchain technology work
to notice the online banking forgery
by the government issued document
through the customer portal. [3]
Double-Blind Consent-Driven Data
Sharing on Blockchain Kumar
Bhaskaran, Peter Ilfrich, Dain
Liffman, Christian Vecchiola,
Praveen Jayachandran, Apurva
Kumar, Fabian Lim, Karthik
Nandakumar, Zhengquan Qin,
Venkatraman Ramakrishna, Ernie GS
Volume 6, Issue 3, March 2019
ISSN NO: 0972-1347
Teo . In this, the authors have briefly
discussed about how the blockchain
technology implemented with the
anonymous data sharing that
performed based on the receiver does
not know about the exact sender.
EXISTING METHODOLOGY:
In existing system, customer wants to
creates an account in bank they fill a
lot of personal identity documents for
verifying the customer they fill a lot
of hand written papers generally bank
to do they fill the all the details for
creating a account for a particular
bank. Same customer wants to do
same process for creating a account to
the another bank that is a time
consuming process and same details
are stored into the different bank
database. If the customer wants to
create a 10 bank account same
process is carried over the all banks
with some other additional details.
Maintaining a customer information
in all the banks they did not get any
revenue from that simply waste the
money over the 10billions for each
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INTERNATIONAL JOURNAL OF INFORMATION AND COMPUTING SCIENCE
banks from this only suffering for the
end customer. all bank more or less
get a same information from the
customer that leads data redundancy
and that information‟s are stored and
managed by the centralized
organization also data in security.
Through the centralized organization
control hackers can easily crash the
server and collecting or modify the
information so that in an existing
system is less secure not give a
confidentiality to the customers
information.
PROPOSED METHODOLOGY:
We propose a blockchain based kyc
verification system that create a block
for the each bank and the customer
add the kyc information and stored
into the blockchain network by
creating account on blockchain
through the customer account they
can request the bank which they need
to create a account and the details are
stored in the blockchain will be
modified or any changes performed
Volume 6, Issue 3, March 2019 459
ISSN NO: 0972-1347
only by the customer and through
customer permission. The requested
bank can view the customer KYC
document by give a view request to
the customer profile and the customer
may give a options either allow or
deny if the customer‟s allows the
view request then the blockchain
provide a transparent view to the bank
and government can able to cross
verify the kyc document which are
issued by the government. The
information stored in the blockchain
is additional security.
ARCHITECTURE:
In this project we create a blockchain
web application that create a smart
contract using a solidity language.
The customer sign up into blockchain
network and upload the general
information which are the bank need
and request to the corresponding
bank. And the bank need to view the
customer document so that the bank
give the view request to the customer
by the approval provided by the
customer then bank can view the
information transparently.
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INTERNATIONAL JOURNAL OF INFORMATION AND COMPUTING SCIENCE ISSN NO: 0972-1347

provide a permission then only the

bank can view the details
transparently.

RESULT:

IMPLEMENTATION:

In this we are using a node.js tool for

executing a JavaScript code on server
side and ganache-cli for making a
smart contract. The system have an
Open the terminal window and
execute the command testrpc to run
the local blockchain network.

Open the new terminal execute the

init.js file using the command line
`node init.js`

And the 20 byte address is obtained

and it is store into the contract file
now the blockchain is ready to
execute.

[1] The customer sign up into the

blockchain network and request the
bank they want and upload the
document into the blockchain
network.

[2] then the bank side want to view

the information they give a request to
the customer only the customer

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INTERNATIONAL JOURNAL OF INFORMATION AND COMPUTING SCIENCE ISSN NO: 0972-1347

CONCLUSION: Nandakumar, Zhengquan Qin,

By implementing a blockchain
application for kyc document
verification, it give a proof of identity
of a customer on bank and provide a
transparent access to all the banks
which are connected into the
blockchain network it ensure the
faster accessing of the kyc document
and also give a security. By this we
can reduce the cost of maintaining the
document from the centralized
organization
Venkatraman Ramakrishna, Ernie GS
Teo .
4. Decentralized Applications: The
Blockchain-Empowered Software
System WEI CAI1,2, (Member,
IEEE), ZEHUA WANG2,3,
(Member, IEEE), JASON B. ERNST3
, (Member, IEEE), ZHEN HONG2 ,
(Student Member, IEEE), CHEN
FENG4 , (Member, IEEE), and
VICTOR C.M. LEUNG2 , (Fellow,
IEEE)

REFERENCE: 5. A. Kosba, A. Miller, E. Shi, Z.

1.Block chain orchestration and Wen, and C. Papamanthou, “Hawk:
experimentation framework : a case The Blockchain Model of
study of kyc Wazen Cryptography and Privacy-Preserving
M.Shbair*,Mathis Steichen*,Jerome Smart Contracts,” IEEE Symposium
Francois,Radu State* *University of on Security and Privacy, 2016, pp
Luxembourg,SnT,29,Avenue J.F 839-858.
Kennedy,L-1855 Luxembourg.
6. “Consumer Digital Identity:
2. Transaction Authorization from Leveraging Distributed Privacy
Know Your Customer (KYC) Enhancing Technology,” (White
Information in Online Banking Paper: Secure Key):
Prakash Chandra Mondal,1,* Rupam https://securekey.com/resources/consu
Deb,2 and Mohammad Nurul Huda1. mer-digital-identity/

3. Double-Blind Consent-Driven Data 7. E. Ben-Sasson, A. Chiesa, C.

Sharing on Blockchain Kumar Garman, M. Green, I. Miers, E.
Bhaskaran, Peter Ilfrich, Dain Tromer, and M. Virza, “Zerocash:
Liffman, Christian Vecchiola, Decentralized Anonymous Payments
Praveen Jayachandran, Apurva from Bitcoin,” IEEE Symposium on
Kumar, Fabian Lim, Karthik

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INTERNATIONAL JOURNAL OF INFORMATION AND COMPUTING SCIENCE ISSN NO: 0972-1347

Security & Privacy (Oakland) 2014,

pp 459-474, IEEE, 2014.

8. C. Garman, M. Green, and I. Miers,

“Accountable privacy for
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9. “Zero-knowledge Security Layer to

be Added to Quorum Blockchain
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https://z.cash/blog/zsl-quorum.html

10. A. M. Antonopoulos, “Mastering

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11. “A Next-Generation Smart

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https://github.com/ethereum/wiki/wiki
/White-Paper

12. “What it means to „Know Your

Customer‟”:
https://complyadvantage.com/knowle
dgebase/kyc

[13] “IBM Blockchain Platform”:

https://console.bluemix.net/docs/servi
ces/blockchain/index.html#ibmblockc
hain-platform.

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