Block Chain Technology (DLT Technique) for KYC in FinTech Domain: A Survey

Blockchain technology promises to be hugely trending and empowering in financial domain computing applications. As a way to order I
have focused fintech core KYC process maintain in a distributed ledger technique(DLT) and smart contracts., blockchains offer a record
of consensus with a cryptographic audit trail that can be maintained and validated by multiple nodes. This system allows for efficiency
gains, increased regulatory cost reduction in KYC verification process in fintech industry like banking, money transfer agency domains, this technique should improve customer experience and increased transparency throughout the process of onboarding a customer. It lets
contracting parties dynamically track identities and payments using a common protocol, thus streamlining and even completely collapsing
many in-house and third-party verification processes