Post
Topic
Board Altcoin Discussion
Re: Can blockchain replace bank?
by
cescudero95
on 20/11/2018, 10:02:16 UTC
I'm curious, how is loan approval/validation performed on the blockchain?  One of the key functions of any banking institution is the extension of credit.  Therefore, you cannot be anonymous if you wish to be approved for a loan over a blockchain solution.  How, otherwise, could the creditor(s) assess the credit-worthiness of the borrower?