Blockchain Taking Out Credit Agencies

[Samyalson]

Looks like there's nothing blockchain can't do.

Surely, eliminating the middleman is good, and if people can access financial services without a credit agency, then we as consumers win.

https://cryptomenow.com/this-blockchain-startup-aims-to-eliminate-credit-bureaus-like-equifax-out-of-the-loan-process/

[lobo13hf]

Looks like there's nothing blockchain can't do.

Surely, eliminating the middleman is good, and if people can access financial services without a credit agency, then we as consumers win.

https://cryptomenow.com/this-blockchain-startup-aims-to-eliminate-credit-bureaus-like-equifax-out-of-the-loan-process/

Blockchain means distributed ledger system and this has a lot of potential to be used in the various transaction and not only to access the financial service but it can be used to do a commodity transaction.
If the potential of blockchain will have digged and the say bye for middle man.

[chakhigh]

Middleman is very bad business model in terms of extra fees and waste of time! This has been the main reason for many customer complaints ..Now with Blockchain is very possible to manage one's financial and transactions with total transparency and safety. The running Gigzi ico project is just a real proof of the huge power of blockchain and decentralization. But, does it mean to remove the local banks?!! I don't think it is necessary. In the contrary, using old financial agencies to consolidate the use of blockchain is a better option, IMOP. Gigzi has a solid partnership with many local banks. And it will make cryptocurrency / banks fusion way easier.