> I’m sure Facebook, Google, and PayPal would all love to take over from the credit bureaus, and there are real reasons to be wary of that. Some people will tel

> I’m sure Facebook, Google, and PayPal would all love to take over from the credit bureaus, and there are real reasons to be wary of that. Some people will tell you we should put it all on a blockchain, decentralizing the system and querying discrete pieces of information as needed. New solutions bring new problems, and there’s no perfect answer to any of it. This is what concerns me most as we move from this to implementing solutions. We now have a glut of technology companies, some large and trusted, and many that will be created specifically to address this, that will permute the risk factors an pitfalls of such a business infinitely. One hundred companies doing credit bureau things means 100 places you'll have to put your sensitive info, 100 places that will have some different vulnerability, and 100 more targets on your attack surface. Granted, one of these solutions may be sound, viable, secure, and advantageous to consumers. But the extant bureaus and any company that comes in to compete is a business, needs to make money, and will resist competition, will resist security over profit, and will never capitulate to a better competing solution until their last dollar is raised and spent.