* How can someone have a credit reference when they cannot access credit in the first place?
* Who can you lend money to in a world of decentralized trust?
* Can credit be made inclusive for 3 billion people worldwide, who are currently excluded from credit?
Bloom is building a credit infrastructure that reduces dependence on credit bureaux.
A Bloomscore, factoring in non-credit-based payment information, like utility bill payments, creates Bloom's assessment of credit scores. A Bloomscore, is someone's assessed P2P score. Someone who one personally knows can vouch for you, possibly taking you away from a high-risk credit rating. Like Google's PageRank, ranks the most trustworthy websites based on which other sites link to them, Bloom uses social & organizational data to determine if a borrower is safe & deserving of a loan.
Bloom's robust, secure KYC, prevents fraudulent transactions & forgeries. While, Bloom's decentralised ID system keeps personal sensitive documentation even safer than Equifax; whose 150 million global users’ data has been compromised & stolen.
Bloom is a protocol for assessing credit risk
through federated attestation-based identity
verification and the creation of a network of
peer-to-peer and organizational creditworthiness
vouching (“credit staking”)
Inclusive Credit: Decentralized credit scoring powered by Ethereum & IPFSCredit
Bloom is an end-to-end protocol for identity attestation, risk assessment and credit scoring, entirely on the blockchain. Bloom allows both traditional and digital currency lenders to serve billions of people who currently cannot obtain a bank account or credit score.
Three billion people globally cannot obtain a credit card.
38% of the world's population is unbanked.
On access to credit, hinges the potential for upward social mobility; for climbing up the economic ladder.
Bloom is a decentralized credit scoring protocol powered by Ethereum and IPFS.
Bloom brings credit scoring to the blockchain. Bloom’s mission is to build a robust global credit infrastructure [that] reduces fees, increases accessibility to credit, and makes credit scoring fair.
Daniel Maren
BloomID allows users to create a unique, global, secure identity, which also allows lenders to offer compliant loans globally, without forcing borrowers to expose personal information in the process.
BloomIQ is a system for reporting and tracking current and historical debt obligations that are tied to a user’s BloomID.
BloomScore is similar to FICO or VantageScore scores, but has updated the model to better reflect a given consumer’s creditworthiness.
