3 ms·

A blockchain is public. You want everybody's credit public?

• bga 9y ago
  No, blockchains are magic technology that makes money appear out of nowhere and hides all activity from evildoers.
• andrewjl 9y ago
  The data isn't public if it's in encrypted form. When you apply for credit, you'd decrypt it with your own private key and re-encrypt it with the creditors private key and send it to the creditor, they would then decrypt privately, process the application, and discard the data.
  • sokoloff 9y ago
    > you'd decrypt it with your own private key and re-encrypt it with the creditors private key and send it to the creditor Creditor's public key, not private key.
    • andrewjl 9y ago
      Yes, goofed on that one.