Blockchain for Banking News

Blockchain digital identity firm Bloom launches credit score reporting with TransUnion

credit score

Today blockchain digital identity platform Bloom released the second version of its mobile application to offer free credit reporting to its users. The company has partnered with TransUnion to provide credit monitoring services in the U.S. 

The Bloom app allows users to create a digital identity, monitor data breaches and credit scores. Underpinning all these services is distributed ledger technology (DLT). 

In 2017, the Equifax data breach exposed the personal information of about 147 million people in the U.S., which raised the alarm for data privacy and control.

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