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But would that allow me to conveniently omit any negative info from future credit applications? The banks would quickly start sharing this info with one another
by function_seven 9y ago
But would that allow me to conveniently omit any negative info from future credit applications? The banks would quickly start sharing this info with one another and become de facto CRAs themselves.
- gwbas1c 9y agoI'm sure blockchain will magically solve that problem! (If you're not laughing then you need to admit you have a problem)
- tylersmith 9y agoI don't understand why they're proposed as a solution to this type of problem at all. I'm a big fan of blockchains, I work for a company/project completely reliant on them, but I don't get where people think they'll be useful for things like credit monitor and health care records. It makes no sense to me.
- Cerium 9y agoJust to play devil's advocate, since I don't think they are a good solution either. Unlike healthcare I think you could use some of the properties of a blockchain to help reduce the risk of leaking personal information during credit checks. For example: you could prove your identity by making a transaction and then show a timely series of past payments.
- badosu 9y ago> If you're not laughing then you need to admit you have a problem) Recognizing the most repeated joke on HN?