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@ivanm
Many cryptocurrency users face KYC and AML requirements that involve sharing sensitive information with multiple companies. This process can be risky in terms of security and can become complicated and expensive for businesses.
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@ivanm
Traditional centralized KYC and AML processes require substantial resources and place a heavy operational burden on companies. Users also have to repeatedly share personal data across different platforms, posing significant privacy risks.
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@ivanm
Swisstronik's Decentralized Identity (SDI) aims to tackle these challenges. SDI enables users to control who can access their data and when. By choosing a trusted provider, users can share only the necessary information for verification, then receive anonymous certificates for further use.
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@ivanm
Companies can integrate SDI to streamline KYC processes, cutting costs and reducing the chances of data breaches. This solution enables secure and efficient customer data management on a global scale.
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