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Blockchain Adoption is taking over the world. Sri Lanka’s financial sector and the IT industry are in plans to adopt blockchain for the Central Bank KYC process. This Know-Your-Customer platform will be developed using blockchain technology. Sri Lanka will further evaluate the possibility of adopting Blockchain Technology to further advance its financial sector.
The Central Bank of Sri Lanka (CBSL) has also decided to develop a Proof-of-Concept of a Shared KYC. The CBSL invites tech companies to develop this POC. However, only companies with 2 years of track record can apply for this national project.