The finance and moody ratings have completed concept proof to move chain credit notes by testing a system to allow decentralized access to Moody’s financial data.
The proof of concept, carried out on the Polygon Amoy Testnet, integrated the notes of Moody in Creedo, Untangled Finance’s Risk Oracle. Using zero knowledge proof technology (ZKP), the system has enabled credit notes to be published, updated and withdrawn safely while protecting proprietary information.
“Our Oracle solution guarantees the visibility and immutability of data in real time while preserving privacy,” said Manrui Tang, co-founder of Untangled Finance, in a press release.
The fall in credit rating could make the risk assessment more transparent and more efficient, allowing DEFIT protocols and other blockchain -based applications to integrate real -time credit data without worrying about centralized intermediaries.
This follows the move of finance in 2024 to launch a private credit pool of $ 6 million on Celo, as reported by Coindesk previously reported, which enabled accredited investors to lend USDC under the luxembourg securitization rules.
