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The recent Equifax hack brings to light some valid concerns: will our information ever be safe? Isn't this company too big to fail? Is there any trustworthy source to get credit scoring from?
Currently, businesses and credit bureaus transfer sensitive data back and forth between each other on a regular basis, leaving that data vulnerable to exposure each time. Bloom, an end-to-end protocol for decentralized identity attestation, risk assessment and credit scoring, aims to use blockchain technology to protect consumers information as well as address four other key credit infrastructure issues:
Unsure of how to navigate your score or want to understand more about what drives it? Check out our blog on understanding your credit score.
Topics: Credit Score