03/12/19 08:37 UTC-5

Sri Lankan Central Bank is looking for blockchain companies to identify customers

The central bank of Sri Lanka wants to develop a “know your customer” platform based on the blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
. The regulator announced on the website that he was looking for technical companies creating a “common concept” of the KYC system.


Blockchain will increase the financial capabilities of Sri Lanka

The project is a collaboration between the central bank of Sri Lanka and the Sri Lankan technology sector as a whole, as experts from the Sri Lankan sector of technical financing and technology participate in it.

The “common KYC” system described in the press release will allow commercial banks and the central government to exchange and update customer data on the blockchain. Requirements for candidates are indicated: “at least two years of work experience” and “experience in the development and launch of mobile applications”.

According to the regulator, the implementation of the blockchain will increase efficiency in the field of finance. The availability of financial services in Sri Lanka will also increase, according to cryptocurrency news

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#SriLanka #blockchain #KYC #financialsector #CentralBank

Editor: Daria Mukhina