The assessments of untreated finances and Moody have completed a proof of concept to relocate credit reviews at the chain by testing a system to enable the financial data of Moody.
The proof-of-concept, executed on the Polygon Amoy test network, integrated the Moody reviews in Credio, the risk of the Untangled Finance Oracle. With the help of zero -knowledge proof (ZKP) technology, the system could be safely published, updated and withdrawn on the chain and at the same time protect the protection of your own information.
“Our Oracle solution ensures real-time data visibility and immutability while maintaining privacy,” said Manui Tang, co-founder of Untangled Finance, in a release.
If you bring credit assessments to the chains, risk assessment can make more transparent and more efficient, so that Defi protocols and other blockchain-based applications can be integrated without dependence on centralized intermediaries.
This follows the 2024 step from Untangled Finance to launch a private credit pool of $ 6 million in Celo, as Coindeesk reported earlier, allowing accredited investors to borrow USDC under the Luxembourg security rules.
