Identity thefts at Revolut have exposed flaws in the Know Your Customer (KYC) system. In 2026, 343 million people have already been affected by data breaches in the United States. The problem stems from the multiplication of copies of identity data, with each additional storage creating a new security vulnerability. The proposed solution relies on zero-knowledge proofs, a mathematical technology allowing verification of information such as age without disclosing the full identity. The European Union is already incorporating this technology into its digital identity wallet, but its adoption remains hindered by regulatory ambiguity and compliance teams’ reluctance to change their practices. As Evin McMullen, CEO of Billions Network, puts it: « You cannot lose what you never held. »
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