Blockchain KYC (Know Your Customer) refers to using blockchain technology for customer verification in financial services and other regulated industries. By utilizing decentralized, tamper-proof records, blockchain KYC ensures the security and privacy of user data. It enables quicker, more efficient onboarding processes while preventing identity fraud. Instead of storing sensitive information in centralized databases, blockchain KYC allows secure sharing of verified data across institutions. This process not only saves time and costs but also improves compliance with regulatory requirements like anti-money laundering (AML).