Tech A proof-of-concept demonstrated the feasibility of bringing Moody’s credit standing info into Untangled Finance’s danger oracle infrastructure.
Untangled Finance and Moody’s Ratings have completed a Proof of Concept to maneuver credit score rankings on-chain by testing a system to permit for decentralized entry to Moody’s monetary knowledge.
The proof-of-concept, carried out on the Polygon Amoy Testnet, built-in Moody’s Ratings into Credio, Untangled Finance’s danger oracle. Using zero-knowledge proof (ZKP) know-how, the system allowed credit score rankings to be securely printed, up to date, and withdrawn on-chain whereas defending proprietary info.
“Our oracle solution ensures real-time data visibility and immutability while preserving privacy,” mentioned Manrui Tang, co-founder of Untangled Finance, in a launch.
Bringing credit score rankings on-chain may make danger evaluation extra clear and environment friendly, permitting DeFi protocols and different blockchain-based purposes to combine real-time credit score knowledge with out reliance on centralized intermediaries.
This follows Untangled Finance’s 2024 transfer to launch a $6 million non-public credit score pool on Celo, as CoinDesk previously reported, which allowed accredited buyers to lend USDC underneath Luxembourg securitization guidelines.
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