I noticed that most frauds in digital services are related not to hacks, but to data forgery — fake accounts, altered documents, or false information.
For example, a person may submit forged data to access a service or payments, and if the verification is weak — it passes. This is particularly risky in regions where digital services are growing rapidly, like in the Middle East.
As I understood, @SignOfficial offers an approach through verified records (attestations), where it is important not just "there is data", but who exactly confirmed it and when.
That is, each record has a source and it can be verified, rather than just trusting the entered information.
If such a model is widely used, it could reduce the amount of fraud, because forging not only the data but also their confirmation is significantly more difficult.