An applicant's unique digital identity is generated based on government issue identifiers and biometrics. Biometrics adds the highest level of assurance, which is backed by a government ID. This will serve as a unique digital identity of the customer on the blockchain network. This helps the applicant turned customer to perform cross border transactions. Also, with a blockchain KYC solution, there is no central intermediary, and so each bank and financial institution doesn't need to duplicate the effort of performing the KYC checks. A shared immutable distributed ledger will offer to request a bank or financial institution, along with the applicant's permission, for the customer's activities across banks and institutes. It will also raise an alert if there is anything suspicious, which will let banks and institutes flag that customer. For all subsequent transactions that are performed by the customer, their digital identity will be appended with each transaction, which means that each transaction has the customer's digital signature with the highest level of assurance. A customer's digital identity can help you access the customer's relevant information, such as their address, and let you track and trace any transaction. This will also help you flag any suspicious transaction and helps reduce false positivity. With blockchain, there is no central intermediary. Therefore, there's no single point of failure and the immutable shared ledger turns out to be the source of truth.