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Library/Objective 5 - Privacy

Design Objective

Objective 5 - Privacy

Protecting customers' privacy is a key feature of an eKYC process, requiring compliance with the need to know principle and data minimization.

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01

Overview

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Concept identity

design-knowledge/kyc-framework-ssi-do5
Open concept record
Producer label
Objective 5
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-do5.md
bankingdesign-objectiveidentity-ssikyckyc-framework-ssiverifiable-credentials

Design objective Objective 5: Privacy

Protecting customers' privacy is a key feature of an eKYC process. An essential and fairly universal principle in this context is compliance with the "need to know" principle: only the customers themselves and entities relevant to the KYC process must have access to customers' personal data. Further, the parties involved and the de facto data exchanged should be restricted to what is necessary, a requirement called data minimization.

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.

2 Design Requirements

design-knowledge/kyc-framework-ssi-r5-1

R5.1 - Need to know principle

Compliance with the 'need to know' principle: only the customers themselves and entities relevant to the KYC process must have access to customers' personal data.

bankingdesign-requirementidentity-ssikyc+2
design-knowledge/kyc-framework-ssi-r5-2

R5.2 - Data minimization

Not only the parties involved in the KYC process but also the de facto data exchanged should be restricted to what is necessary, because digital data are much easier to collect and abuse than their analog counterparts.

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

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

    Paper
    Source
    Objective 5 - Privacy
    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

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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 5 - Privacy
    Link label
    Design objective Objective 5: Privacy
    Status
    Resolved

    Derived heading context: Design knowledge

  • ←

    R5.1 - Need to know principle

    Design Requirement
    Source
    R5.1 - Need to know principle
    Target
    Objective 5 - Privacy
    Link label
    Design objective Objective 5: Privacy
    Status
    Resolved

    Derived heading context: Addresses

  • ←

    R5.2 - Data minimization

    Design Requirement
    Source
    R5.2 - Data minimization
    Target
    Objective 5 - Privacy
    Link label
    Design objective Objective 5: Privacy
    Status
    Resolved

    Derived heading context: Addresses

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Design ObjectiveSeed

Privacy

Concept identity

Concept ID
design-knowledge/kyc-framework-ssi-do5
Producer label
Objective 5
Native type
design-objective

Description

Protecting customers' privacy is a key feature of an eKYC process. An essential and fairly universal principle in this context is compliance with the "need to know" principle: only the customers themselves and entities relevant to the KYC process must have access to customers' personal data. Further, the parties involved and the de facto data exchanged should be restricted to what is necessary, a requirement called data minimization.

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

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{
  "type": "design-objective",
  "title": "Objective 5 - Privacy",
  "description": "Protecting customers' privacy is a key feature of an eKYC process, requiring compliance with the need to know principle and data minimization.",
  "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 5",
  "tags": [
    "kyc-framework-ssi",
    "design-objective",
    "identity-ssi",
    "kyc",
    "banking",
    "verifiable-credentials"
  ]
}