Bloom is a decentralized credit protocol that aims to address the existing limitations of the actual credit scoring system. The Bloom protocol will use the Ethereum blockchain to provide a novel approach to the credit risk assessment allowing both traditional fiat lenders and digital asset lenders to issues compliant loans on the blockchain while providing lower fees and improve borrower experience at the credit issuance process.
The Bloom platform will feature a BloomID (a global secure identity, allowing lenders to offer compliant loans globally), BloomIQ (a system for reporting and tracking
current and historical debt obligations that are tied to a user’s BloomID), and BloomScore (a metric of consumers’ creditworthiness).
Bloom token (BLT) is an ERC-20 token that will be used to participate in evaluating user identities and creditworthiness. Furthermore, it will give users voting rights on future developments on the Bloom credit scoring system.
Click here for Masternode stats.
"In coin we trust."
CryptoCurrency price and chart data is generously provided by coinmarketcap.com, cryptocompare.com, various sources and exchanges. Prices may be delayed and vary depending on origin. Always do your due diligence before investing, and remember to keep your crypto safe and secure in a hardware wallet instead of an exchange. Best of fortune to you!