This best practice for HUAWEI CLOUD BCS guides you through opening of an interbank account supported by blockchain-based identity sharing. It will help you quickly get familiar with and experience BCS services.
Introduction to the Demo
- Service scenario
Opening an account of a bank without the KYC procedure, based on an account of other bank and the existing endorsement for the Know Your Customer (KYC) information
Information such as user identities must be encrypted to protect the information against brute force attack. Quick information queries based on identities must be supported.
- Key challenges:
- Security and privacy: Banks require no disclosure of customer privacy information to other banks.
- High-performance retrieval: Retrieval performance (millisecond-level response) similar to that of legacy databases must be delivered to ensure consistent user experience.
- Easy-to-use interfaces: Simple and convenient interfaces must be provided to facilitate application development.