{"id":7406,"date":"2017-12-11T09:02:26","date_gmt":"2017-12-11T09:02:26","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=7406"},"modified":"2017-12-13T05:58:18","modified_gmt":"2017-12-13T05:58:18","slug":"lenders-should-use-blockchain-for-identity-verification","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/lenders-should-use-blockchain-for-identity-verification\/","title":{"rendered":"Lenders should use blockchain for identity verification"},"content":{"rendered":"<p>A panel discussion of experts on blockchain technology was held during the American Banker\u2019s Digital Lending and Investing conference. During the discussion, the experts concluded that lenders need to start using blockchain technology not only for smart contracts but also for identity verification. They argue that, if lenders move to verifying identity using blockchains, it will lower costs. Eventually, with the cost of trust reduced, lenders will be able to lend to larger coalitions and offer more tailored lending products. It\u2019s a win-win situation for both lenders and consumers.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-7406 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='How events from 2018 will impact FinTech in 2019'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-events-from-2018-will-impact-fintech-in-2019\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/01\/how-events-from-2018-will-impact-fintech-in-2019-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12117\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12117'>\n\t\t\t\tHow events from 2018 will impact FinTech in 2019\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Central Bank of Russia considering developing a digital ruble'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/central-bank-of-russia-considering-developing-a-digital-ruble\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/10\/d15f6df8-e857-42e6-ab1f-047be532f1291-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15430\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15430'>\n\t\t\t\tCentral Bank of Russia considering developing a digital ruble\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Will P2P lending take over the lending market?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/will-p2p-lending-take-over-the-lending-market\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/p2p-vs-banks-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10550\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10550'>\n\t\t\t\tWill P2P lending take over the lending market?\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A panel discussion of experts on blockchain technology was held during the American Banker\u2019s Digital Lending and Investing conference. During the discussion, the experts concluded that lenders need to start using blockchain technology not only for smart contracts but also for identity verification. They argue that, if lenders move to verifying identity using blockchains, it &hellip;<\/p>\n","protected":false},"author":5,"featured_media":7652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[45,206,129],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/7406"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=7406"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/7406\/revisions"}],"predecessor-version":[{"id":7438,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/7406\/revisions\/7438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/7652"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=7406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=7406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=7406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}