Deloitte, one of the world’s largest consulting and audit firms, has partnered with Polkadot (DOT)-based KILT Protocol (KILT) to develop digital identity protocols.
A report by Polkadot on Thursday, May 4 in the announcement, Details of the important cooperation between Deloitte and KILT were given. In the statement, Deloitte’s Know Your Customer and Know Your Business (KYC/KYB) KILT as part of its operations reusable digital identity will benefit from its infrastructure. In addition, Deloitte to manage their credentials one to help scanner extension will also be offered. This step to develop digital identity protocols ensures that credentials remain in customers’ control while at the same time legal in the frame transparent Provides a confirmation process.
Decentralized KILT, which offers a digital identity protocol infrastructure, will facilitate the authentication process while protecting the privacy of consumer data. KILT’s technology banking and decentralized finance (DeFi) legal compliance for e-commerce Current inefficiencies related to KYC/KYB processes that could compromise the privacy of consumer data, while addressing age verification, as well as private sign-in and fundraising. to eliminate It helps. This comprehensive infrastructure service of large companies such as Deloitte money laundering And terrorist financing on sensitive issues such as meticulously while allowing it to work an innovative business model it brings with it.
Deloitte senior official who made statements on the subject Micha Bitterli In his statement on the subject, he made the following statements about the partnership provided:
Deloitte is entering a new phase in verification processes for individuals and organizations by offering reusable digital credentials connected to the KILT blockchain.
According to CoinGecko data, with the effect of news flow a 45% pump living KILT, $0.35 from the level 0.51 rose to $. KILT, at the time of writing from $0.45 is being traded.