Call for applications: Development of a Blockchain Technology based Shared Know-Your-Customer Proof-of-Concept

It is expected that this would facilitate several potential use-cases that will increase efficiencies in the financial sector . It is also expected that it would help increase financial inclusion in Sri Lanka.
Application Deadline in 25 days
Eligible Countries | Regions | Cities  Worldwide
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The Central Bank of Sri Lanka (CBSL) together with experts in Sri Lanka’s Financial and Information Technology (IT) industries, is assessing the possibility of applying Blockchain Technology to streamline Know-Your-Customer (KYC) processes at financial institutions. It is expected that this would facilitate several potential use-cases that will increase efficiencies in the financial sector . It is also expected that it would help increase financial inclusion in Sri Lanka. 
 
To pave the way for Blockchain-based financial service solutions in Sri Lanka, CBSL has decided to develop a Proof-of-Concept of a Shared KYC Facility and invites all eligible software development companies to apply to develop a POC of the Blockchain-based Shared KYC facility and join this National project.
 
PLEASE NOTE that the entire Blockchain Technology initiative has been a voluntary effort of Sri Lanka’s financial sector and IT industry as it is a project of national importance. Therefore, this POC development would also be on a voluntary basis.
 
BENEFITS OF JOINING THE BLOCKCHAIN SHARED KYC POC DEVELOPMENT
 
The selected software development company will be:
  • Duly recognized by CBSL for its contribution towards this national project.
  • Given the opportunity to demonstrate its expertise in Blockchain Technology applications to key financial service sector stakeholders.
  • Collaborating with the CBSL and prominent financial institutions in the country in applying Blockchain Technology to develop a Shared KYC POC following regulatory and international standards
 
Application Deadline: 31 December 2019 at 3 PM (Time in Sri Lanka)
 
Source: The Central Bank of Sri Lanka
 

Illustration Photo: In collaboration with technology partners KlickEx Group and Stellar.org, a diverse group of banking leaders are working with IBM to simplify the near real-time clearing and settlement of global payment transactions using blockchain technology. Pictured is the user interface of a completed transaction on the platform. (credits: KlickEx / ibmphoto24 / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))

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Adalidda's Team

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