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While some important records are public, many are not. It isn't obvious that all debtors want the details of their debt made world-readable, for instance.
by gbhn 9y ago
While some important records are public, many are not. It isn't obvious that all debtors want the details of their debt made world-readable, for instance.
- tehlike 9y agoyou can use zeroknowledge proofs for things you don't want to reveal. it's called zk-snarks
- DennisP 9y agoRight, which is why in the article I linked, I describe a system that stores only the hash of the debtor's personal data on chain. A lender with the preimage can still use that to prove its case. For stronger privacy we'd need ring signatures or zksnarks, so a person can't be identified by the flow of payments, but those technologies exist on various blockchains already.