The solutions based on blockchain have demonstrated a versatility and scope as never before another technological alternative had done, and we are just beginning to understand it. One of the most successful fields of application of blockchain is that of the financial and credit sector. In this post we will talk about a very promising platform in that field: Bloom.
In a world of globalization, paradoxically the credit industry is far from being global. Credit score providers can not operate across borders, which means that when borrowers move to a new country, they must rebuild their credit scores from scratch, since their score does not follow them.
The cryptocurrencies and blockchain are paving the way for a financial revolution. However, the difficulties of bringing something as complex as the credit score to the block chain would require more than a simple team of chain block aficionados. In this sense the Bloom people announced their project to address precisely that problem, and provide a great solution.
Read more at: http://www.crypto-economy.net/bloom-globalized-credit/?lang=en