Memes

There are some fringe benefits for blockchain but massive issues with normal human issues like:

• Scams/theft: person has the wallet lost through scam or left, how do you invalidate the lost credentials or tickets.

• Wallet loss: loss through any number of means: fire, incompetence, computer being destroyed, loss of account to cloud backup etc

• Issuer need to invalidate: if tickets/credentials were purchased by fraud or an issue occurs where they need to invalidate

How does blockchain handle these common situations?

The downtime issue for identities is already solved with a government certificate and distributed certificate revocation list. As long as multiple independent parties are mirroring the government’s list, taking down the government servers would not affect identity verification. Certificate Transparency solves the CA compromise problem since you have a log of all issued certs.