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Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity

Title data

Schlatt, Vincent ; Sedlmeir, Johannes ; Feulner, Simon ; Urbach, Nils:
Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity.
In: Information & Management. (2021) .
ISSN 1872-7530
DOI: https://doi.org/10.1016/j.im.2021.103553

Project information

Project title:
Project's official titleProject's id
Projektgruppe WI BLockchain-LaborNo information

Abstract in another language

Know your customer (KYC) processes place a great burden on banks, because they are costly, inefficient, and inconvenient for customers. While blockchain technology is often mentioned as a potential solution, it is not clear how to use the technology's advantages without violating data protection regulations and customer privacy. We demonstrate how blockchain-based self-sovereign identity (SSI) can solve the challenges of KYC. We follow a rigorous design science research approach to create a framework that utilizes SSI in the KYC process, deriving nascent design principles that theorize on blockchain's role for SSI.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Banking; digital certficate; digital wallet; decentralized identity; distributed ledger technology; verifiable credential
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVII - Information Systems and Value-Based Business Process Management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVII - Information Systems and Value-Based Business Process Management > Chair Information Systems and Value-Based Business Process Management - Univ.-Prof. Dr. Maximilian Röglinger
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 22 Nov 2021 11:47
Last Modified: 22 Nov 2021 11:47
URI: https://eref.uni-bayreuth.de/id/eprint/67946