Ironically I was thinking to myself today;
with all of the credit problems people have (myself included), how could blockchain be utilized to solve this problem?
Then while scrolling through some current events I stumble across this; “Equifax compromised 143 million people's Social Security numbers and other data".
Reading through the article, what stood out was that The Unites States was the only country targeted. From a citizen's perspective, it's only obvious that we are the target. With our current economic conditions, our worsening global reputation, why not target the biggest hypocrite of all?!
I realize that this is just one node of the entities that perpetuate the status quo of our social and economic construct - but the same one that keeps failing us.
Very few companies take the threat of a cyber attack seriously. I'm not sure if it's the archaic thinking of management or if they are really that isolated in their own little worlds of quarterly profits.
![giphy.gif](https://steemitimages.com/0x0/https://steemitimages.com/DQmVor43fLE5KYqQsbJz3hUTXV4gHaVGJ88oaLW29pfo9uN/giphy.gif)
Centralizing our information and relying on a handful of companies to keep our information safe is preposterous.
Moreover, we're in an ever-changing technological age. It's time for us to get with the times. Blockchain tech, cryptocurrencies & the decentralization of information removes many vulnerabilities & increases security.
So back to my initial thought;
How could we utilize Blockchain to redefine "credit ratings", "personal identification", and replace the existing credit bureaus?
...because we're all sick and tired of this sh*t!
Here's the original news release from Equifax.
Equifax is a big JOKE! Its a company that doesnt work
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Agreed! The whole credit rating structure is a joke. An archaic system built off credit is laughable.
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