The Central Bank of Sri Lanka (CBSL) entered into agreements on 07th of July, 2020 to begin the process of developing blockchain technology-based shared know-your-customer (KYC) proofs of concept (PoCs).
The CBSL advertised inviting companies with experience in developing blockchain technology-based solutions for shared KYC to join this project, on a voluntary basis.
After several rounds of selection, the CBSL selected three applicants among the number of applications to develop PoCs concurrently.
The selected applicants are: Sampath Bank PLC together with the University of Colombo School of Computing (UCSC) as joint applicants, norbloc AB from Sweden and Yaala Labs (Pvt.) Ltd and Linearsix (Pvt.) Ltd, both Sri Lankan companies, as joint applicants.
Agreements were signed between the selected applicants and the CBSL, with the attendance of CBSL Governor Prof. W.D. Lakshman and senior bank officials.
The director, Prof K P Hewagamage signed the agreement on behalf of the University of Colombo School of Computing (UCSC)
