Blockchain technology can help address many of the inefficiencies in regulatory compliance including those found in the KYC and AML verification process.
Blockchain is one of the most anticipated new technologies in the corporate world, with the potential to reshape the operational and regulatory landscape in a number of industries. The technology offers the promise of more accessible, more transparent and secure data processes. Uses for blockchain under development include trade reporting; clearing, confirmation, validation and settlement; recordkeeping; monitoring and surveillance; risk management; audit; management and financial accounting. Another anticipated use for the technology is regulatory compliance.
