Djuri Baars, Blockchain Specialist at Rabobank Group presents the case study: 'Rabobank’s KYC proof-of-concept: Harnessing blockchain for efficient and secure on-boarding of customers'.

Banks are required to perform customer due diligence to prevent bank services being used for criminal activity, also known as Know-Your-Customer (KYC). The high cost of customer acquisition is very high because of fragmented and single use data sources. Blockchain technology could potentially play a role in a shared services model for identity and related which could lower cost and improve on-boarding efficiency for any organization requiring validated identities. This session will explore the findings of their proof-of-concept and highlight challenges and opportunities.

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