TransUnion to begin providing identity-protected credit scoring for DeFi lending By Cointelegraph
[ad_1]
TransUnion (NYSE:), one of the three major United States credit reporting agencies, announced on April 20 that it would begin supplying credit scoring to public blockchain networks. Off-chain credit data have not previously been available to Web3 and decentralized finance (DeFi) applications.
In the new TransUnion service, credit information will be made available to decentralized applications, or DApps, at the consumer’s request. Complete credit information will be delivered to the consumer, and excerpts will go to the DApp.
Continue Reading on Coin Telegraph
[ad_2]
Source link
TransUnion (NYSE:), one of the three major United States credit reporting agencies, announced on April 20 that it would begin supplying credit scoring to public blockchain networks. Off-chain credit data have not previously been available to Web3 and decentralized finance (DeFi) applications.
In the new TransUnion service, credit information will be made available to decentralized applications, or DApps, at the consumer’s request. Complete credit information will be delivered to the consumer, and excerpts will go to the DApp.
Continue Reading on Coin Telegraph
About The Author
