<p>To be transparent in Bitcoin, there is little you need to do:  </p>

<ul>
<li>All transactions are visible on the blockchain already. </li>
<li>There is no need to connect addresses to your bank-account or any such thing.</li>
<li>Instead, just use a single address for all your transactions and require documentation and vouchers for every payment on your website.</li>
</ul>

CC BY-SA 3.0
2016-06-07T06:42:26.807Z
2016-06-07T06:42:26.807Z
Murch
<p>You seem to have a poor understanding of how Bitcoin addresses work. When you create a Bitcoin address it <strong>doesn't</strong> appear anywhere. Not on the blockchain, not on someone else's computer. It exists only as a private-public key pair on your computer. When you first <em>receive funds</em> that is when it appears on the blockchain.</p>

<p>In other words, you don't give your address to someone by saying 'please look at transaction 7 in block 317592', you just give them your address. It is the same with your bank account, you just give them your bank account!</p>

CC BY-SA 3.0
2016-06-03T15:19:47.887Z
2016-06-03T15:19:47.887Z
Савва Бирюков
<p>First, publishing anyone's bank account number is not a good idea as that can be used for identity theft. Second, there are a lot of identity solutions like <a href="https://www.onename.com/" rel="nofollow">onename</a>, which may be closer to what you want to do. There's also <a href="https://github.com/bitcoin/bips/blob/master/bip-0047.mediawiki" rel="nofollow">BIP47</a>, which allow anyone to publish a single public key whose transactions are not known to anyone but the sender and receiver.</p>

CC BY-SA 3.0
2016-06-02T13:44:35.220Z
2016-06-02T13:44:35.220Z
Jimmy Song
<p>The main problem I'm attempting to tackle is to create a feature that allows for wallets that are linked to a bank account which needs monitoring and transparency to prevent embezzling. Think something like a housing society's funds in a bank account no. 123XXX. If all of 123XXX's transactions are shown on the blockchain(by linking this account to a wallet), all spendings will be more transparent.</p>

<p>As pointed out by Murch, my attempted solution was this -</p>

<p>I am trying to modify the bitcoin protocol(possibly fork it and create an altcoin) that allows for the creation of <strong>non-anonymous</strong> wallets that have a publicly visible bank account(identity theft not an issue) as one of the fields on the Blockchain every time these wallets are part of a transaction.</p>

<p>Please guide me toward this.</p>

CC BY-SA 3.0
2016-06-02T13:20:11.743Z
Are you talking about forking Bitcoin into an alt-coin and adding this feature, or trying to do this on the existing Bitcoin blockchain?
Jestin
CC BY-SA 3.0
2016-06-02T16:40:07.247Z
"will also be displayed on the blockchain" doesn't make sense. This question seems like an XY-problem to me. What do you actually want to do?
Murch
CC BY-SA 3.0
2016-06-05T14:44:26.817Z
Wallets are not announced to the network. Perhaps you should elaborate what you're trying to do, right now it sounds more like you should be aiming for a website than a modification of the Bitcoin protocol.
Murch
<development>
Is it possible to create a feature for custom wallets that also have a bank account number?
Krishnabm
# Is it possible to create a feature for custom wallets that also have a bank account number?

(Asked by: username_0 on 2016-06-02)

The main problem I'm attempting to tackle is to create a feature that allows for wallets that are linked to a bank account which needs monitoring and transparency to prevent embezzling. Think something like a housing society's funds in a bank account no. 123XXX. If all of 123XXX's transactions are shown on the blockchain(by linking this account to a wallet), all spendings will be more transparent.

As pointed out by username_2, my attempted solution was this -

I am trying to modify the bitcoin protocol(possibly fork it and create an altcoin) that allows for the creation of **non-anonymous** wallets that have a publicly visible bank account(identity theft not an issue) as one of the fields on the Blockchain every time these wallets are part of a transaction.

Please guide me toward this.

**Tags:** development

> **Comments:**
> **username_1**: Are you talking about forking Bitcoin into an alt-coin and adding this feature, or trying to do this on the existing Bitcoin blockchain?  
> **username_2**: "will also be displayed on the blockchain" doesn't make sense. This question seems like an XY-problem to me. What do you actually want to do?  
> **username_2**: Wallets are not announced to the network. Perhaps you should elaborate what you're trying to do, right now it sounds more like you should be aiming for a website than a modification of the Bitcoin protocol.  

---

## 3 answers

### Answer by username_2 on 2016-06-07. Score: 0 | Accepted answer

To be transparent in Bitcoin, there is little you need to do:

* All transactions are visible on the blockchain already.
* There is no need to connect addresses to your bank-account or any such thing.
* Instead, just use a single address for all your transactions and require documentation and vouchers for every payment on your website.


---

### Answer by username_3 on 2016-06-03. Score: 1

You seem to have a poor understanding of how Bitcoin addresses work. When you create a Bitcoin address it **doesn't** appear anywhere. Not on the blockchain, not on someone else's computer. It exists only as a private-public key pair on your computer. When you first *receive funds* that is when it appears on the blockchain.

In other words, you don't give your address to someone by saying 'please look at transaction 7 in block 317592', you just give them your address. It is the same with your bank account, you just give them your bank account!


---

### Answer by username_4 on 2016-06-02. Score: 0

First, publishing anyone's bank account number is not a good idea as that can be used for identity theft. Second, there are a lot of identity solutions like [onename](https://www.onename.com/), which may be closer to what you want to do. There's also [BIP47](https://github.com/bitcoin/bips/blob/master/bip-0047.mediawiki), which allow anyone to publish a single public key whose transactions are not known to anyone but the sender and receiver.


---

