In this article, we will discuss a concrete use case from the CyberMiles blockchain. We will show how to set up a decentralized and privacy-focused small business loan exchange.

Match making

Alice wants to get a small business loan to expand her online store. On CyberMiles, Alice makes public her loan requirements as a request.

The request is identified by a public key, but gives out no personal information. Only Alice knows the private key that pairs with the public key. On the blockchain, Alice is anonymously identified by this public key.

Since Alice’s entire credit and reputation history are recorded on the blockchain and associated with her public key, Bob will be able to evaluate and offer a loan.

Again, Bob only reveals his offer with his public key without any private information.