Hive has done it well with the identity factor. But it would be hard to keep anon when you are attaching personal docs and info to it. I would thing something like Secret Network would be a better chain for decentralized Identification. Yeah t would have to be a thing where people would give only the info they want to give. Having something like medical records on a public blockchain would be dangerous. It would have to have some kind of secure privacy later.
KYC is hot garbage. I avoid it like the plague. If I use an exchange that requires it, I only go in or out using stablecoins to avoid capital gains.
Although I invested in many networks belonging to the Cosmos ecosystem, I haven't researched Secret Network. I intend to check its capabilities.
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Secret has some cool things for sure. It's one of the only ones I am really looking at for the privacy aspects, but it is wrapped privacy, the layer 1 is still transparent. So like if you have SCRT tokens, you have to wrap them into sSCRT for it to be private. For just token transfers I would just rather use Monero for privacy, but Secret has the privacy smart contract aspect that makes it interesting.