TransUnion to start offering identity-protected credit score scoring for DeFi lending

TransUnion (NYSE:), one of many three main United States credit score reporting companies, introduced on April 20 that it will start supplying credit score scoring to public blockchain networks. Off-chain credit score information haven’t beforehand been accessible to Web3 and decentralized finance (DeFi) purposes.

Within the new TransUnion service, credit score info will probably be made accessible to decentralized purposes, or DApps, on the shopper’s request. Full credit score info will probably be delivered to the patron, and excerpts will go to the DApp.

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