Final answer:
eKYC, enabled through blockchain, AI, image processing, and digital signatures, serves as a proof of identity. These technologies enhance the efficiency, security, and reliability of the KYC process.
Step-by-step explanation:
eKYC, which stands for Electronic Know Your Customer, enabled through technologies such as blockchain, AI, image processing, and digital signatures, is the proof of identity. The use of these technologies significantly enhances the efficiency and accuracy of the KYC process. For instance, blockchain technology can provide a decentralized and incorruptible environment to store and verify personal data, thereby improving the security and integrity of the process. On the other hand, AI and image processing can automate the data verification process, resulting in enhanced speed and reliability. Finally, digital signatures ensure the authenticity and validity of the documents submitted for KYC verification.
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