On Friday, the Central Bank of Sri Lanka (CBSL)
published a call for applicants to run a Proof of Concept for a shared Know Your Customer (KYC) platform that will use blockchain. The Bank says the solution would enable several uses cases, improve efficiency and increase financial inclusion.
The announcement emphasized this is a voluntary effort by the financial sector and IT industry. In other words, this is not something being enforced by the central bank.
But the IT companies that pitch for the project are being asked to do the PoC without payment. The intellectual property in the Shared KYC design will belong to the bank.
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