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Financial organizations will be able to provide zero-knowledge proofs of their aggregate resource commitments, including distributions of credit score attestati
by AlexCoventry 9y ago
Financial organizations will be able to provide zero-knowledge proofs of their aggregate resource commitments, including distributions of credit score attestations. Organizations can lend to each other on the basis of those.
- spookthesunset 9y ago> Financial organizations will be able to provide zero-knowledge proofs of their aggregate resource commitments, including distributions of credit score attestations. Organizations can lend to each other on the basis of those. This is pure meaningless buzzwords. Blockchain doesn’t solve any problem in the financial space besides providing a means to conduct financial fraud.
- Karrot_Kream 9y agoGP referenced technology, you said the technology was "buzzwords" and then insulted Blockchain with ad hominem. Grow up. Zero-knowledge proofs can be provided to show trustless distributions of data (credit score attestations for example, or resource commitments), and can definitely lead to things like the ability to share trustless commitments. FWIW, only ZCash really uses zero-knowledge proofs right now, and even then just for private transactions (a subset of all transactions made in ZCash). Maybe read a bit before attacking something?
- someguydave 9y agoUnfortunately his comment is what passes as "sound analysis" on bitcoin and other cryptocurrencies for the moment. In a few decades statements like that will be cringe-worthy.
- AlexCoventry 9y agoIn a few years that statement will be completely mainstream. ZKPs are going to revolutionize finance and other accountability structures, with or without blockchain.