Design Objective

DO5 - Correction of inaccurate data

An ICO investor must have the opportunity to ask for the correction of inaccurate data. To this end, data captured during the blockchain-based KYC-process need to be stored in a way that allows for revocation.

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design-knowledge/kyc-ico-requirements-do5

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Producer label: DO5
Source paper: Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology
Timestamp: 2026-07-16T00:00:00+00:00
Bundle path: design-knowledge/kyc-ico-requirements-do5.md

compliancedesign-objectiveicokyckyc-ico-requirementsregulation

Design objective DO5: Correction of inaccurate data

Source paper

This design objective is proposed by Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology (Nadine Kathrin Ostern, Johannes Riedel, 2021).

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1 Paper

papers/kyc-ico-requirements

Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology

Using an objective-centered DSR approach, the paper identifies KYC and legal requirements and translates them into system design objectives for a compliant-by-design blockchain-based KYC system for ICOs that automatically enforces KYC regulations to prevent money laundering.

blockchaincompliancedesign-science-researchico+3

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Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology
Paper
Source
DO5 - Correction of inaccurate data
Target
Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology
Link label
Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology
Status
Resolved
Derived heading context: Source paper

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Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology
Paper
Source
Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology
Target
DO5 - Correction of inaccurate data
Link label
Design objective DO5: Correction of inaccurate data
Status
Resolved
Derived heading context: Design knowledge

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Knowledge graph

2 of 2 concepts · 2 directed relationships

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{
  "type": "design-objective",
  "title": "DO5 - Correction of inaccurate data",
  "description": "An ICO investor must have the opportunity to ask for the correction of inaccurate data. To this end, data captured during the blockchain-based KYC-process need to be stored in a way that allows for revocation.",
  "resource": "https://doi.org/10.1007/s12599-020-00677-6",
  "source_paper": "Know-Your-Customer (KYC) Requirements for Initial Coin Offerings: Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology",
  "label": "DO5",
  "tags": [
    "kyc-ico-requirements",
    "design-objective",
    "kyc",
    "ico",
    "compliance",
    "regulation"
  ]
}