6 May, 2019
Know Your TransactionPosted on : by : BlockGlossary
Meaning of Know Your Transaction
It serves same purpose as Know Your Customer used in the financial sector but this is related to tracing and recording flow of transactions on a Blockchain to know the source, what it is spent on and why.
It is also used by ICOs to ascertain that the investors source their fund for investment legally and not via illegal means.« Back to Dictionary Index