miliu presents how banks and other organizations like utility and telecom companies can come together to form a consortium to share their customers’ data using blockchain technology. The digital identity infrastructure makes data sharing simple, secure and fast. It requests for a customer’s consent before sharing their data and complies with the global data privacy regulations.
miliu can now issue a store card by leveraging the customer’s KYC data from the blockchain consortium. The customer provides minimum data and absolutely no documentation to prove the identity. miliu issues the card within minutes, making the process totally frictionless.