<![CDATA[The absence of formal financial identity remains a major barrier to financial inclusion in developing nations. Existing centralized identity systems are often vulnerable to fraud, data breaches, and third-party control, leading to low public trust and limited access to financial services. Blockchain technology offers a decentralized alternative through the concept of Self-Sovereign Identity (SSI), which enables individuals to own and control their personal data securely. This study aims to examine how blockchain-based identity systems can address the weaknesses of traditional identity frameworks and to identify the key technical and social challenges in their implementation within developing economies. Using a qualitative, case study-based approach, the research analyzes several blockchain-driven digital identity projects across diverse regions. The findings indicate that blockchain-enabled SSI improves data security, transparency, and user trust, while enhancing access to financial services. However, challenges related to infrastructure limitations, scalability, and regulatory uncertainty re- main significant obstacles. Overall, blockchain has the potential to serve as a foundational technology for creating inclusive, secure, and sustainable financial identity systems in developing nations, while offering practical insights for policymakers, regulators, and financial institutions worldwide.]]>
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