Singapore-based Blockchain company Belfrics has launched Belrium, the world’s first KYC-compliant Blockchain.
Launched in the Indian market, it will offer government, as well as private companies, a decentralized ecosystem with an aim of creating transparent KYC compliance. The company claims its KYC-compliant Blockchain will save time and money needed for running a business and reduce the risk of data theft.
“Belrium will be able to help governments, businesses and enterprises in not only reducing the customer on-boarding time but will also simplify the compliance process by eliminating the need for repetition,” said Belfrics CEO, Praveenkumar Vijayakumar.
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