The non-angle financial and Moody valuation completed a proof of concept for moving credit ratings in chains by testing a system that allows decentralized access to Moody’s financial data.
A proof of concept conducted at Polygon Amoy Testnet integrates Moody’s ratings into Credio to unravel the risk of financial risk. Using Zero Knowledge Proof (ZKP) technology, the system was able to be safely published, updated and withdrawn in chains, protecting its own information.
“Oracle Solution ensures real-time data visibility and immutability while maintaining privacy.
Bringing credit valuations on-chain can make risk valuations more transparent and efficient, allowing Defi protocols and other blockchain-based applications to integrate real-time credit data without relying on centralized intermediaries.
This follows Untangled Finance’s 2024 move to launch a $6 million private credit pool at CELO in 2024, as reported by Coindesk previously, allowing certified investors to lend USDCs under the Luxembourg Securitization Rules.
