Decentralized tech is going to take over. Centralization of PII (Personally Identifiable Info) leads to Equifax and Equifax leads to panopticon. A system that tries to create a central authority will inevitably get hacked and the keys will be leaked.
Education of the public is important here because we will keep getting centralized solutions which will be a mess until the public understands the best way to combat these hacks. In the future, these crises will increase until it's no longer able to keep up with the hacks.
The solution to this problem is to hand back control of PII to individuals using the blockchain for verification of public information. Private info should be held on devices like Trezor that store your private keys.
The reason why decentralization is more secure than Equifax:
Would you rather have one hack lead to 143 million records compromised? Or have one hack lead to one record compromised? If you force the hacker to hack 143 million accounts, it becomes prohibitively expensive for the hacker and that will cause the electricity bill to skyrocket with much smaller payoff.
This is ultimately the reason why bitcoin and other alt coins will succeed.