Blockchain technology has the potential to transform banking through applications like shared know-your-customer (KYC) platforms and real-time anti-money laundering (AML) checks. The Central Bank of Egypt has formed a blockchain task force to assess use cases and define a roadmap. A proposed shared KYC platform using blockchain could provide a secure and efficient way for banks to collect, validate, store, share, and refresh customer KYC information, reducing costs and improving compliance. Major considerations for implementing blockchain include whether to store data on-chain or off-chain and how to design customer experiences.