As far as am concerned, blockchain technology is here to make things easier and more efficient. With blockchain technology, the kyc needed by the banks could be carried out much faster and individuals could complete their kyc from the comfort of their homes.
True. But I don't think blockchain alone is the answer. What Selfkey claims is that they let you take control of your KYC information (they store it locally on your device) since massive data breaches are prevalent these days