Mar 22
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Tired of manual, error-prone Customer Due Diligence (CDD) processes? In this video, I demonstrate a prototype application that shows how Blockchain and Smart Contracts can solve the common challenges of data silos and privacy concerns in financial institutions. What’s inside this demo: The Problem: Why current manual CDD/EDD processes lead to high costs, onboarding delays, and weakened AML controls [00:30]. The Solution: A look at how decentralized ledgers and automated "If-Then" logic in Smart Contracts provide trust and consistency [01:43]. Live Demo: Watch as I register a customer on the Sepolia Test Network using MetaMask, ensuring data is immutable and verifiable [02:39]. Automated Compliance: See how the system automatically triggers an Enhanced Due Diligence (EDD) checklist for high-risk customers (like PEPs) before allowing registration [09:09]. Tech Stack used: React / Next.js Solidity (Smart Contracts) MetaMask & Sepolia Ethereum Testnet This prototype illustrates how permissioned blockchains can allow financial institutions, auditors, and regulators to share sensitive data securely and efficiently. 🔗 Resources: GitHub Repository: https://github.com/KirankShah/aml-kyc-cdd-blockchain-prototype My Book: "The Coin That No King Could Control" – Learn the story of Bitcoin and Blockchain without the technical jargon. Available on Amazon: https://www.amazon.com/dp/B0FZC44YVS 🙌 Don't forget to Like, Share, and Subscribe for more RegTech insights! Want to dive deeper or just connect? Find me on X (Twitter) — I talk about AML, model risk, and financial crime compliance regularly. Let's connect 🔗 https://x.com/KiranKumarShah_ #Blockchain #RegTech #AML #SmartContracts #FinTech #Ethereum #Compliance #CDD #EDD