Today, there are three major problems with how we transact online today: users have low privacy, fraud prevention efforts cost businesses a lot of money, and password-based authentication leads to frequent data breaches. Will the blockchain-based self-sovereign Identity rectify these?

Foreign aid disbursements have been a challenge for donor countries for some time. The aid is normally sent to developing countries in war-torn countries, refugee camps and underdeveloped countries especially in Africa, South America and middle east. some of the challenges have been lack of accountability, absence of records and the aid not reaching the intended recipients. Blockchain, however, seems to have been the solution already. This article will discuss how that could be possible and how it is being done.

Sensitive users will now be able to purchase any time with a clear conscious because they will have known everything about the product before purchasing it. Indeed, when fully-fledged, sensitive users will find block chain more appealing.

The whole point of developing cryptocurrencies has been taking control back to the people, the users. Bitcoin and indeed all cryptocurrencies have been developed to empower ordinary users with complete control and easy access to their assets, in this case, money. Thus, the central hold and control of huge financial firms on people’s money have been threatened.