Untanngled and Moody finance qualifications have completed a proof of concept to move credit grades in the chain when trying a system to allow decentralized access to Moody’s financial data.
The concept test, carried out at the Polygon Amoy Testnet, integrated Moody’s grades into the creding, unbelievable the oracle of finance risks. Using zero knowledge test technology (ZKP), the system allowed credit ratings to be published, updated and removed safely while protecting patented information.
“Our Oracle solution guarantees the visibility and immutability of the data in real time while preserving privacy,” said Manrui Tang, co -founder of Unangled Finance, in a statement.
Bringing credit grades in the chain could cause the risk assessment to be more transparent and efficient, allowing the Defi protocols and other blockchain based applications to integrate credit data in real time without dependence on centralized intermediaries.
This follows the 2024 Movement of Finance Untangled to launch a private credit group of $ 6 million in heat, as Coindesk said previously, which allowed accredited investors to provide the USDC under the rules of titulization of Luxemburg.
