Blockchain and Smart Contracts for Know Your Customer (KYC)
Contents
Abstract
Distributed Ledger Technology (DLT) and Blockchain Technology (BCT) are options for introducing smart and transitive supply chain management in Eurasia. The most significant context in which blockchain can create transformative change is in the physical product supply chain. The literature review looks at the current research in BCT, programming languages used in Blockchain, Game Theory, Zero-Knowledge Proofs, and Supply Chain Management. Having a foundational concept mathematically by creating game theoretic models and a simple computer programming simulation is the first step in the task of creating a true blockchain platform that can be used in the construction supply chain. Simulating the scenarios of n-player games is important to the advancement of this platform. The key result of these games and interaction between traders will help change the trading systems regionally and internationally. By putting physical assets first, blockchain can enable an efficient flow of data and funds from each stakeholder. This can deliver new ways of working and brings visibility and control on each supply chain. The researcher analyses the strength of the system through the decisions of the traders using infinite games. New trading strategies and BCT resources with different parameters gain a larger market presence in international trade with these proofs, codifications and simulations. A gap exists in the literature in BCT in the creation of game theory algorithms as well as using simulation tools and software, thus using these methods to create forecasted supply chain management scenarios. Looking at an infinite-game mathematically and presenting a simple codified computer simulation using Ethereum via Solidity involving a supplier, operator and regulator will give new implications in game theory and conflict-resolution scenarios within the context to supply chain management via the Blockchain.
Presentation
Recording of the presentation is available here.
Keywords
KYC, DLT, Blockchain, Smart Contracts.
