Re:America should borrow from Europe’s data-privacy law
by closeparen on Sunday April 08, 2018 @11:52PM
(#16790200)
A Blockchain is much worse than a credit reporting agency. Instead of one entity having your records, everyone does!
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Re:America should borrow from Europe’s data-privacy law
by theseatoms on Monday April 09, 2018 @01:03AM
(#16790531)
Yes. Storing financial records themselves on the blockchain would be pure insanity.
But I’m imagining a distributed reputation rating scheme. There’d have to be some PageRank-analogous feature (I think that’s how PageRank works), so that a high rating from an entity with a high rating is worth more.
Still plenty of issues to remedy... spam, sock puppets, etc. But I’d bet that a distributed credit rating system could be built.