EVS is the process of verifying a customer's identity using electronic methods, such as online forms or biometric data. It is a faster, more convenient, and more secure way of completing the customer onboarding process. It eliminates the need for in-person visits and physical documents, allowing customers to quickly and easily complete their KYC verification. EVS also helps to reduce fraud and money laundering, as it allows businesses to quickly and accurately verify the identity of their customers. Additionally, EVS helps to streamline the customer onboarding process, allowing businesses to focus on more value-adding activities.
This technology plans to integrate blockchain by generating non funglible tokens everytime the user gets verified by the system