Not saying we don’t need to use data. Question is - is there a blockchain solution that would allow to lend, controlling risk, similar to how people do it with digital banks nowadays
In status quo - does the bank really have to know your name and ID? I think no, the banks just need the info about you - how much do you spend, how did you repay previous loans etc? I built some fiat lending scoring engines
For the sake of discussion:
- can we use transaction information in blockchain to score?
- can we use some kind of credit history on blockchain?
- is there a way to make sure a single person doesn’t take too many loans using different addresses?
Eg use some identify key, that doesn’t disclose personal info, but makes sure this key unique per user
In status quo - does the bank really have to know your name and ID? I think no, the banks just need the info about you - how much do you spend, how did you repay previous loans etc? I built some fiat lending scoring engines
For the sake of discussion: - can we use transaction information in blockchain to score? - can we use some kind of credit history on blockchain? - is there a way to make sure a single person doesn’t take too many loans using different addresses? Eg use some identify key, that doesn’t disclose personal info, but makes sure this key unique per user