You seem to be repeating the talking point without addressing the counter-argument. Why is a system where people can access that data, just with a couple of roadblocks to avoid mass harvesting, not enough to avoid fraud?
I'm just describing the problems that the current system appears to be designed to solve. If you want to design a new system, great, have at it. I don't have an opinion about that, other than that you probably should try to solve the same problems.
