Deloitte, one of the top accounting firms, has integrated blockchain technology into its verification procedures to let users keep authentication information in a single digital wallet, streamlining the traditionally cumbersome procedures. Earlier this month, Deloitte stated that it has implemented the Polkadot parachain known as the KILT Protocol, making it possible to give its clients reusable digital credentials. The integration is intended to increase the effectiveness of Deloitte’s KYB and KYC verification procedures.
According to Deloitte, customary and frequently ineffective procedures, such as issuing KYC and KYB certifications manually and requesting multiple data entries for verification when only a single one is required, frequently add extra effort to the process. Additionally, these traditional authentication…
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