Trans Union (NYSE:), one of many three main credit score reporting businesses in the USA, announcement on April 20 that it might begin offering credit score scoring to public blockchain networks. Off-chain credit score knowledge was beforehand unavailable for Web3 and decentralized finance (DeFi) functions.
Within the new TransUnion service, credit score data will likely be made accessible to decentralized functions, or DApps, on the shopper’s request. Full credit score data will likely be supplied to the buyer and statements will likely be forwarded to the DApp.
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