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Michael Kimani @pesa_africa
, 3 tweets, 1 min read Read on Twitter
"The next use case for blockchains could be serving as the backbone for a decentralized consumer trust network."
"Today, banks do a very simple low-information version of this already. They aggregate the trust of depositors, and then make loans out on their behalf.

But a peer-to-peer system of trust could be far more efficient than the traditional banking system."
"Imagine a platform on which you had hundreds of people who trusted you financially, and in return trusted hundreds of other people (and each of those people had hundreds of their own relationships). It would change how you measure credit, extend loans, borrow money, etc."
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