Enhancing e-KYC Security and Privacy: Harnessing Quantum Computing and Blockchain in Web 3.0

By implementing a successful and effective Electronic-Know Your Customer (e-KYC) infrastructure, conventional defects and expenses may be greatly reduced. Strong authentication procedures are used by existing e-KYC solutions to guarantee safety and confidentiality. However, these technologies have shortcomings like as key administration expenses and dependency on encryption. We suggest a revolutionary strategy that integrates blockchain technology, Web 3.0, and quantum computing to get around these restrictions. In this research, we show how current e-KYC processes could possibly be improved, making them faster and more reliable, by integrating Web 3.0 with quantum computing. Our solution makes it simple to quickly verify several consumers, increasing productivity. We provide improved safety for online requests, transcending the weaknesses inherent in traditional encryption techniques by utilizing quantum computing technology and applying the concept of quantum encryption key methodology. We contribute to the development of safe and private solutions by addressing the shortcomings of the present e-KYC systems. The results of our research show how Web 3.0 and quantum computer technology have the power to completely alter the e-KYC environment.

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Publication Details

Journal
Distributed Ledger Technologies Research and Practice
Published
2024-08-05
DOI
https://doi.org/10.1145/3686166
Citations
2
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
1.56
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article

Enhancing e-KYC Security and Privacy: Harnessing Quantum Computing and Blockchain in Web 3.0

Joseph K. Liu, R. A. Khan, Md Soumike Hassan, Zain Buksh et al.
2 citations
Distributed Ledger Technologies Research and Practice
Blockchain Technology Applications and Security
1.56
article

Enhancing e-KYC Security and Privacy: Harnessing Quantum Computing and Blockchain in Web 3.0

Joseph K. Liu, R. A. Khan, Md Soumike Hassan, Zain Buksh, A. B. M. Shawkat Ali, Imran Hasan, Gehad M. Ahmed, Abu Jor Al Gefari
article en
2 citations

Abstract

By implementing a successful and effective Electronic-Know Your Customer (e-KYC) infrastructure, conventional defects and expenses may be greatly reduced. Strong authentication procedures are used by existing e-KYC solutions to guarantee safety and confidentiality. However, these technologies have shortcomings like as key administration expenses and dependency on encryption. We suggest a revolutionary strategy that integrates blockchain technology, Web 3.0, and quantum computing to get around these restrictions. In this research, we show how current e-KYC processes could possibly be improved, making them faster and more reliable, by integrating Web 3.0 with quantum computing. Our solution makes it simple to quickly verify several consumers, increasing productivity. We provide improved safety for online requests, transcending the weaknesses inherent in traditional encryption techniques by utilizing quantum computing technology and applying the concept of quantum encryption key methodology. We contribute to the development of safe and private solutions by addressing the shortcomings of the present e-KYC systems. The results of our research show how Web 3.0 and quantum computer technology have the power to completely alter the e-KYC environment.

Distributed Ledger Technologies Research and PracticeVol. 3(4)
Bangladesh University (BD), University of Fiji (FJ), Islamic University (BD), Bangladesh Bank (BD), Rajshahi University of Engineering and Technology (BD), Jahangirnagar University (BD), Monash University (AU), University of Rajshahi (BD)
Industry, innovation and infrastructure
Openalex Percentile: Top 13%
Blockchain Technology Applications and Security
1.56
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