What is KYC (Know Your Customer)?

KYC is a mandatory process, not just a single check, used by businesses (primarily in the financial sector) to verify the identity of their clients, assess their risk profile, and understand the…

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Face Recognition part of KYC

KYC (Know Your Customer) and Face Recognition are fundamentally different things, but they are often used together. Think of it this way: KYC is the overall goal and process. Face Recognition…

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What is DeFi in Blockchain?

DeFi, or Decentralized Finance, is an umbrella term for a new ecosystem of financial applications and services built on top of blockchain networks, primarily Ethereum. The core idea is to recreate traditional…

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What is a Smart Contract?

A smart contract is a self-executing program stored on a blockchain that automatically runs when predetermined terms and conditions are met. Think of it not as a traditional legal contract, but as…

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