{"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='What\u2019s hot and what\u2019s not in the U.S. Fintech'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/whats-hot-and-whats-not-in-the-u-s-fintech\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/What\u2019s-hot-and-what\u2019s-not-in-the-U.S.-Fintech-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-6791\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/What\u2019s-hot-and-what\u2019s-not-in-the-U.S.-Fintech-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/09\/What\u2019s-hot-and-what\u2019s-not-in-the-U.S.-Fintech-100x100.jpg 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-6791'>\n\t\t\t\tWhat\u2019s hot and what\u2019s not in the U.S. Fintech\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Data security key for consumer confidence in open banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/data-security-key-for-consumer-confidence-in-open-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/data-security-key-for-consumer-confidence-in-open-banking-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13116\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13116'>\n\t\t\t\tData security key for consumer confidence in open banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='HR needs to embrace changing mindset of employees'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/hr-needs-to-embrace-changing-mindset-of-employees\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/04\/417208-PD794A-200-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12557\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12557'>\n\t\t\t\tHR needs to embrace changing mindset of employees\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}]}}