Bloom is an end-to-end protocol for identity attestation, risk assessment, and credit scoring; entirely on the blockchain. Bloom allows both traditional and digital currency lenders to serve billions of people who currently cannot obtain a bank account or credit score.
The Bloom Protocol provides solutions allowing any lender authorized by a borrower to safely and securely issue credit to that borrower.
The three main components of the Bloom Protocol are:
BloomID lets users establish a global, federated identity with independent third parties who publicly vouch for their identity information and legal status.
BloomIQ is a system for reporting and tracking current and historical debt obligations that are tied to a user's BloomID.
BloomScore is a dynamic and inclusive indicator of an individual's likelihood to pay debts that adapts to the maturity of a user's credit history.
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