Goldman Sachs files for a patent involving KYC

08/17 12:40

In June, Goldman Sachs submitted a patent application aimed at supporting some banking businesses in the world of cryptocurrencies and more broadly distributed ledger technology (DLT). In the preamble to the patent, Goldman Sachs pointed out that in the world of cryptocurrencies, there is a one-to-one relationship between tokens and their ownership. The technological limitations of existing methods make it impractical to use many powerful financial technologies involving such cryptocurrency leverage. In addition, Goldman Sachs' recent patent application involves KYC and storing unique identifiers on the blockchain, which correspond to reviewed off-chain identities.

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