Prove that you are who you say you are by utilising secure and decentralised identities. Reduce third party and intermediary risk related to centralised record-keeping systems. Establish permissioned identity networks and interoperate in various networks with securely shared identities. You can also streamline processes with blockchain based KYC (Know Your Customer) establishing greater trust and reducing the amount of time and resources spent on customer due diligence. And reduce costs associated with identity-theft related fraudulent transactions and other activities.