The first two years of a distributed KYC Utility

In February 2020, the first distributed Know-Your-Customer (KYC) Utility in the world started operating, powered by our Fides. As this utility has now reached > 400,000 legal entities residing on its network, we have created this document to share some key findings from operating an ecosystem described so frequently on a theoretical basis but only very recently approached and assessed on a practical level.

We aim not only to inform fellow practitioners, but to even further ignite a revolution in how we approach regulatory compliance, making the life of all parties involved a little easier!

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