Meaningless Finance and Moody’s ratings have Completed proof of concept The system is tested to allow for decentralized access to Moody’s financial data to transfer credit ratings to the chain.
The proof of concept was conducted on the polygon Amoy Testnet, integrating Moody’s rating into credit, which is a tangle-free financial risk Oracle. Using Zero Knowledge Proof-of-Proof (ZKP) technology, the system allows credit ratings to be firmly published, updated and withdrawn while protecting proprietary information.
“Our Oracle solutions ensure real-time data visibility and immutability while retaining privacy,” said Manrui Tang, co-founder of Tangle-Free Finance in a press release.
Bringing credit ratings to the chain can make risk assessments more transparent and efficient, allowing Defi protocols and other blockchain-based applications to integrate real-time credit data without relying on centralized intermediaries.
This is in the unquestionable financial transfer, launching a $6 million private credit pool on Celo, AS Coindesk previously reportedThis allows approved investors to lend to USDC in accordance with Luxembourg securitization rules.
