Fraud is inevitable in our current financial system. MasterCard filing a patent for blockchain technology to combat fake identities is yet again, another example of how running on the blockchain is essential to securing data and minimizing fraud. At Blockbasis, where users can send and receive crypto using only an email, we have set up a decentralized exchange (DEX) running on the Bitshares blockchain. Meaning there is no risk for personal data to be compromised or cryptocurrency to be stolen.