So, it makes some strange things.
You may deposit usdt from your bank account or something. Your information will be confirmed by the banks too
But, where's my anonymous thing? i mean, we always feel worried about personal life, blockchain can helps us. Not the bank where your account will be checked many times by govement.
Basically, instead of relying on systems with centralized databases, SelfKey enforces that we individual have sole control for our data since it's just locally stored on your local storage. That would mean your data would be safe incase those 3rd party's servers are hacked. Problem is you'd need to be knowledgeable as well on how to safeguard your own data.