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Library/Objective 4 - Trust

Design Objective

Objective 4 - Trust

A key goal of banks is to make eKYC documents reusable in registrations of a customer at different banks, requiring acceptance of KYC documents attested by other banks, validity checks, and authenticity checks.

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01

Overview

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Concept identity

design-knowledge/kyc-framework-ssi-do4
Open concept record
Producer label
Objective 4
Source paper
Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity
Timestamp
2026-08-05T00:00:00+00:00
Bundle path
design-knowledge/kyc-framework-ssi-do4.md
bankingdesign-objectiveidentity-ssikyckyc-framework-ssiverifiable-credentials

Design objective Objective 4: Trust

A key goal of banks is to make eKYC documents reusable in registrations of a customer at different banks. Thus, acceptance of KYC documents attested by other banks is required. The documents must be tamper-proof, so a further requirement is that validity checks of these documents are feasible. A complete trust chain also requires authenticity checks, meaning that the identity of the customer and their connection with the documents must have a high level of assurance even if the customer is not present at a branch.

Source paper

This design objective is proposed by Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity (Vincent Schlatt, Johannes Sedlmeir, Simon Feulner, Nils Urbach, 2022).

02

Linked concepts

Concepts connected by incoming or outgoing native Markdown links.

3 Design Requirements

design-knowledge/kyc-framework-ssi-r4-1

R4.1 - Acceptance of KYC documents attested by other banks

A key goal of banks is to make eKYC documents reusable in registrations of a customer at different banks; thus, acceptance of KYC documents attested by other banks is required.

bankingdesign-requirementidentity-ssikyc+2
design-knowledge/kyc-framework-ssi-r4-2

R4.2 - Validity checks

The documents must be tamper-proof, so a further requirement is that validity checks of these documents are feasible.

bankingdesign-requirementidentity-ssikyc+2
design-knowledge/kyc-framework-ssi-r4-3

R4.3 - Authenticity checks

The customer needs to be able to convince the bank that the KYC-related documents presented were not stolen, sold, or shared; the identity of the customer and their connection with the documents must have a high level of assurance.

bankingdesign-requirementidentity-ssikyc+2

1 Paper

papers/kyc-framework-ssi

Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity

The paper derives six design objectives (16 sub-requirements) for an SSI-based eKYC framework and demonstrates how blockchain-based self-sovereign identity can solve KYC challenges without violating data-protection regulation, deriving three nascent design principles that theorize blockchain's role for SSI: use blockchain only for public data, anticipate an ecosystem of various ledgers, and enable decentralization at the edge.

bankingblockchaindesign-science-researchidentity-ssi+3

03

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Outgoing links

1
  • →

    Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity

    Paper
    Source
    Objective 4 - Trust
    Target
    Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity
    Link label
    Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity
    Status
    Resolved

    Derived heading context: Source paper

Incoming backlinks

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  • ←

    Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity

    Paper
    Source
    Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity
    Target
    Objective 4 - Trust
    Link label
    Design objective Objective 4: Trust
    Status
    Resolved

    Derived heading context: Design knowledge

  • ←

    R4.1 - Acceptance of KYC documents attested by other banks

    Design Requirement
    Source
    R4.1 - Acceptance of KYC documents attested by other banks
    Target
    Objective 4 - Trust
    Link label
    Design objective Objective 4: Trust
    Status
    Resolved

    Derived heading context: Addresses

  • ←

    R4.2 - Validity checks

    Design Requirement
    Source
    R4.2 - Validity checks
    Target
    Objective 4 - Trust
    Link label
    Design objective Objective 4: Trust
    Status
    Resolved

    Derived heading context: Addresses

  • ←

    R4.3 - Authenticity checks

    Design Requirement
    Source
    R4.3 - Authenticity checks
    Target
    Objective 4 - Trust
    Link label
    Design objective Objective 4: Trust
    Status
    Resolved

    Derived heading context: Addresses

04

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5 of 5 concepts · 11 directed relationships

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Design ObjectiveSeed

Trust

Concept identity

Concept ID
design-knowledge/kyc-framework-ssi-do4
Producer label
Objective 4
Native type
design-objective

Description

A key goal of banks is to make eKYC documents reusable in registrations of a customer at different banks. Thus, acceptance of KYC documents attested by other banks is required. The documents must be tamper-proof, so a further requirement is that validity checks of these documents are feasible. A complete trust chain also requires authenticity checks, meaning that the identity of the customer and their connection with the documents must have a high level of assurance even if the customer is not present at a branch.

DOI

https://doi.org/10.1016/j.im.2021.103553

Tags

  • banking
  • design-objective
  • identity-ssi
  • kyc
  • kyc-framework-ssi
  • verifiable-credentials
Description and publication link from the library record.

05

Raw metadata

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Show producer frontmatter+
{
  "type": "design-objective",
  "title": "Objective 4 - Trust",
  "description": "A key goal of banks is to make eKYC documents reusable in registrations of a customer at different banks, requiring acceptance of KYC documents attested by other banks, validity checks, and authenticity checks.",
  "resource": "https://doi.org/10.1016/j.im.2021.103553",
  "source_paper": "Designing a Framework for Digital KYC Processes Built on Blockchain-Based Self-Sovereign Identity",
  "label": "Objective 4",
  "tags": [
    "kyc-framework-ssi",
    "design-objective",
    "identity-ssi",
    "kyc",
    "banking",
    "verifiable-credentials"
  ]
}