TransUnion is bringing credit checks to the blockchain for the first time

Blockchain-based data-sharing platform Spring Labs announced that is bringing TransUnion’s identity and credit data on-chain to help accelerate Web 3 and DeFi adoption.


TransUnion announced that their consumer credit data will be added “on-chain” via a platform called the ky0x Digital Passport. This helps to create a more efficient DeFi lending environment that can offer a faster transaction space and safer technologies.

Source: fintechnews