- Digital identity and credit scoring
Bloom is an end-to-end protocol for identity verification, risk assessment and credit scoring, entirely on the blockchain.
The traditional credit score and risk assessment system that traditional financial institutions use to verify whether someone is credit-worthy, leaves a lot to be desired. In the United States, credit scoring is controlled by one single organization (FICO) and it requires borrowers to first take on debt before they can receive a credit score, leaving millions of people unscorable.
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