Coin Gabbar Token

<h2 id="header-0">Deloitte&#39;s partnership with KILT Protocol is a significant development for the adoption of decentralized identity protocols.</h2><p>The KILT Protocol, which operates as a parachain on the Polkadot ecosystem, offers cutting-edge technology for digital identities, which significantly improves current KYC inefficiencies that can put consumer data at risk. With the KILT Protocol, <a href="https://www.coingabbar.com/en/crypto-currency-news/according-to-a-deloitte-survey-85-percent-of-merchants-said-accepting-cryptocurrency-payments-is-a-top-priority" rel="noopener noreferrer nofollow">Deloitte </a>can leverage reusable digital identity credentials to support its KYC processes, which are vital for protecting financial institutions against fraud, corruption, money laundering, and terrorist financing.</p><p>The KILT Protocol&#39;s reusable credentials are stored in customer wallets and remain under their control, allowing individuals to choose who they share their personal details with. Deloitte will provide a browser extension to help customers manage their credentials, digitally sign and revoke them using the blockchain if necessary. Additionally, the KILT Protocol&#39;s decentralized identifiers (DIDs) can also be used for DeFi compliance, e-commerce, gaming, and new digital marketplaces.</p><p>The partnership between Deloitte and KILT is a positive development for the wider Polkadot ecosystem. <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-update-feb-17-polkadot-dot-polygon-matic-jumps-12-percent" rel="noopener noreferrer nofollow">KILT&#39;s native token surged by 41% </a>on the news, highlighting the excitement around the adoption of decentralized identity protocols. However, Polkadot&#39;s native DOT token remained flat on the day, despite the ecosystem&#39;s growth and adoption. Nonetheless, the development of innovative protocols such as KILT can contribute to the wider adoption of decentralized technologies, ultimately paving the way for a more secure and decentralized digital future.</p><h3 id="benefits-for-deloitte">Benefits for Deloitte</h3><p>Deloitte benefits from the partnership by enhancing its KYC processes through KILT&#39;s digital identity technology, improving customer satisfaction and retention with a user-friendly solution, and exploring new decentralized identity use cases beyond KYC.</p><p>The partnership allows Deloitte to stay at the forefront of adoption, maintaining its position as a leading provider of audit, consulting, tax, and advisory services for global companies.</p>

Deloitte Partners with Polkadot’s to Enhance KYC Processes | Coin Gabbar

Table of Contents

Coingabbar

Other articles published on May 6, 2023

Binance Faces US Probe over Possible Russian Sanctions Violations

Solana price analysis: SOL rejected at $23.00 returns to $22.50

Coinbase not Planning to Move Operations Out of US: Brian Armstrong

Terraform Labs Seeks to Dismiss Class Action Over US Laws

Cannation (CNNC) up over 1,250,000% in 30 days, is DigiToads (TOADS) next?

Litecoin (LTC) and PancakeSwap (CAKE) decline as Yachtify (YCHT) Shows a Promising Start in the ...

Join our free newsletter for daily crypto updates!