Check this out. Blockchain: Beyond bitcoin The blockchain is a distributed database, that exists in fragments over the Internet, and the fragments keep updating and syncing with each other. It provides a secure yet public information of all chains of all transactions it ever recorded. I was written this way too. Do you think blockchain will have the ability to obsolete the security deficient credit filing system of the US government's three credit bureaus? For example, once your social security number, name and address are stolen, such as from a tax preparation service, how do you control your transactions? I think blockchain comes in pretty handy there for the future. Your take?