Un report PresentAjith NIVARD Cabraal, Governor of Sri Lanka’s Central Bank, detailed Monday the findings from a completed Know-Your-Customer proof-of-concept (KYC) project.

The Blockchain-based KYC platform was developed by 3 of the collaborators at the central bank in Sri Lanka, which is also called the CBSL. The KYC platform was also tested by the CBSL and 10 regional and international commercial banks, including Amana Bank, Bank of Ceylon, Cargills Bank, Commercial Bank of Ceylon, DFCC Bank, Hatton National Bank, HSBC, National Development Bank, People’s Bank and Standard Chartered (OTC:) Bank. Team InitiatedThe project was launched in July 2019 and the platform’s development and testing were completed on June 10.