@nightshifter

Decentralized identity (DID) supports KYB by enabling businesses to verify corporate credentials (e.g., registration certificates, ownership proofs) through verifiable credentials (VCs). These VCs, issued by authorized entities (e.g., registries), are cryptographically signed and stored on-chain or in secure wallets. Businesses can share VCs instantly with partners or regulators, reducing manual paperwork and fraud risks. Smart contracts can automate compliance checks, ensuring KYB data is up-to-date and tamper-proof.

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