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Why has identity verification always been a pain point in the crypto ecosystem? The core reason is simple: major applications keep patching their KYC systems but have never considered solving the problem fundamentally.
The current situation is like this—users have to repeatedly verify their identity information every time they use a new application. Running through the same steps countless times results in a terrible user experience. Meanwhile, application providers are caught in endless compliance hassles, with KYC data scattered across various platforms, increasing security risks.
What should the true solution look like? It should be a universal, on-chain identity management system that allows users to verify once and use everywhere. This can help applications quickly achieve compliance while protecting user privacy and data security. It’s no longer a patchwork game but a fundamental redesign of trust mechanisms from the ground up. As DeFi and Web3 applications experience explosive growth, such infrastructure becomes increasingly critical.