{"id":78313,"date":"2023-05-04T18:14:06","date_gmt":"2023-05-04T15:14:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78313"},"modified":"2025-09-11T04:19:34","modified_gmt":"2025-09-11T01:19:34","slug":"deloitte-adopts-polkadot-parachain-kilt-protocol-for-kyc","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/deloitte-adopts-polkadot-parachain-kilt-protocol-for-kyc\/","title":{"rendered":"Deloitte adopts Polkadot parachain KILT Protocol for KYC"},"content":{"rendered":"<p>One of the world\u2019s largest auditing and consulting firms Deloitte will begin applying Polkadot parachain technologies from the KILT Protocol to improve its KYC\/KYB processes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ <a href=\"https:\/\/twitter.com\/DeloitteCH?ref_src=twsrc%5Etfw\">@DeloitteCH<\/a> \u2014 the world\u2019s biggest accounting firm \u2014 is the latest major enterprise partner to come to the Polkadot ecosystem, choosing cutting-edge tech provided by the <a href=\"https:\/\/twitter.com\/Kiltprotocol?ref_src=twsrc%5Etfw\">@Kiltprotocol<\/a> parachain to enhance its identity protocols. <a href=\"https:\/\/t.co\/nkqr0i1s0I\">pic.twitter.com\/nkqr0i1s0I<\/a><\/p>\n<p>\u2014 Polkadot (@Polkadot) <a href=\"https:\/\/twitter.com\/Polkadot\/status\/1654120516368887810?ref_src=twsrc%5Etfw\">May 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company will deploy reusable digital identity credentials from KILT Protocol.<\/p>\n<p>The technology supports regulatory compliance in banking and DeFi, age verification for e-commerce. The protocol works with private logins and could be useful as a tool in fundraising rounds.<\/p>\n<p>Reusable credentials are stored in clients&#8217; wallets. Clients have a choice of whom they may share their data with.<\/p>\n<p>To manage the tool Deloitte will develop a browser extension.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cKILT Protocol will transform verification processes for individuals and legal entities\u201d<\/em>, said Misha Bitterli, head of Deloitte&#8217;s Managed Services division.<\/p>\n<\/blockquote>\n<p>According to the project&#8217;s founder ingoruebe, Polkadot provides the scalability and security necessary for corporations.<\/p>\n<p>Vitalik Buterin<a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-identifies-five-exciting-vectors-for-ethereums-development\"> named<\/a> decentralized identity tools among five exciting vectors of development.<\/p>\n<p>Earlier in the European Parliament<a href=\"https:\/\/forklog.com\/en\/news\/eu-parliament-to-require-crypto-platforms-to-comply-with-aml-rules\"> approved<\/a> the text of a bill extending AML requirements to <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\">DAOs,<\/a> NFT- and DeFi platforms <span data-descr=\"anti-money laundering\" class=\"old_tooltip\">AML<\/span>-requirements in line with <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the world\u2019s largest auditing and consulting firms Deloitte will start applying Polkadot parachain technologies from KILT Protocol to improve its KYC\/KYB processes.<\/p>\n","protected":false},"author":1,"featured_media":78314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[641,605,1461],"class_list":["post-78313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-deloitte","tag-identification","tag-polkadot-dot"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78313"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78313\/revisions"}],"predecessor-version":[{"id":78315,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78313\/revisions\/78315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78314"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}