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RE: Do you know that KYC and its relationship with the blockchain? Let's learn together! by Karupanocitizen
Hi @karupanocitizen
It is true, there is a need to safeguard our data and our identity, and that possibility is provided by the Blockchain, however, there is something that becomes a problem and sometimes identity verification becomes necessary. Let me give you an example:
6 months ago I was able to publicize a case of a user who made life on this platform, in this Project Hope community and who had 4 accounts, he published with all of them in the community. We realized it because the brute used the same exchange house to change from Steem to Bolivars, so if we had applied KYC before, we would not have allowed him to abuse for so long, he removed or decreased the possibility of support to other users.
Likewise friend @ josevas217 there are situations like the ones you describe in which the KYC procedures are very useful to avoid fraud like the one you propose, I understand that users are reluctant to this type of tools because they feel that it violates our privacy, but .. . We forget that the blockchain is the world of bots and smart contracts ?.
In my opinion in this environment there is the possibility that the information of any user can be verified, keeping said information encrypted and cannot be used by other means, something like ... would you be able, just by seeing a fingerprint know what? Who belongs? ... in the same way our information can be encrypted to be read by certain algorithms when invoked by a smart contract ... I think.