Block, Inc.
Identity authentication blockchain

Abstract:

Know your customer regulations and security concerns, among other reasons, motivate institutions to ensure that entities with whom the institutions have dealings are who they say they are. A block of the blockchain discussed herein includes entity verifications generated by institutions that participate in the blockchain. An individual verification may include a hash of personal information associated with an entity that was authenticated by an institution. An institution seeking to authenticate (or deny) an entity may receive personal information from the entity, hash that personal information, and search the blockchain for any matching verifications (e.g., by attempting to match the hashed personal information to hash(es) associated with a verification in the blockchain).