Published on September 16th, 2017 | by bitcoin0
Bill propsed by US Senator Warren would allow consumers to freeze their credit history for free
US Senator Elizabeth Warren announced the proposal of a bill which would allow consumers to freeze their credit for free – a service that is traditionally chargeable.
The credit reporting agency, which made in excess of $3 bln last year, has been called into question over vastly subpar information protection for consumers.
Blockchain for data protection
The widespread outrage at the massive hack has also produced a renewed call for new and better ways to protect data for consumers.
Blockchain technology has already been proven to protect information and provide far superior security to most systems.
The distributed ledger of Blockchain technology makes accessing information without the appropriate key impossible and would have protected the data of consumers.