Our core use case is the provision of an efficient, standardized identity platform to enable automation of complex identity verification processes. Today, customer identity information is duplicated in every organisation a customer touches. Records are poorly integrated, and information is often out of date. This duplication of data leads to friction within processes and duplication of activity. Common activities such as KYC/KYB and AML compliance checks are often repeated both across and within organisations.
How to Create an iBBT Account
To create an iBBT account a user must create a KYC profile. A KYC profile consists of 4 steps. Each step has dedicated ERC721 Non-fungible token (NFT) assigned to the user’s profile. There 4 tokens are part of the metadata that creates a SmartID profile to comply with KYC and AML regulations.