KYC

Isabel Group and norbloc bring blockchain KYC initiative to pilot

Isabel Group and norbloc bring blockchain KYC initiative to pilot

BRUSSELS AND STOCKHOLM – March 15, 2018 – Last year, B-Hive, a European innovative collaboration platform connecting fintech startups and established financial service organizations, announced the launch of TrustHive. The initiative started with a working group with AG Insurance, Belfius, BNP Paribas Fortis, Euroclear and KBC with the endorsement of other partners of B-Hive (AXA, Baloise, Allianz, ING, SWIFT, Bank of New York Mellon, Isabel Group, MasterCard), for the creation of a blockchain platform to simplify identity management (Know Your Customer – KYC) for corporates.

Hi, my name is De Croo, Alexander De Croo

... and I am whatever you say I am! (Eminem)

Identity is a key legal aspect, next to property. As such, it's of course also a key aspect of our daily life. You have an ID card, a driver's license, a badge from your employer, a bank card,... a whole slew of items to proof who you are, or, as some defend: sufficient evidence to avoid being denied your identity.