High throughput blockchain Keeta and Credit Solo data platform, companies that are both supported by former Google CEO Eric Schmidt, are introducing an on-chain credit bureau to provide access to digital assets in mortgages, small business loans, and other traditional lending services.
Keeta and Solo have created a Pass, a blockchain-based, bank-grade layer of bank identity, using your customer, revenue, crypto assets, and business credentials, according to a press release on Thursday.
Blockchain’s infrastructure is synonymous with confidence, so it makes sense to use the tech to store real financial credentials in the world, and to cater to new digital paradigns within lending.
The Pass product creates modern credit railroads for wallets, dapps, and financial finance, while allowing pseudonymous lending and borrowing based on trusted credentials, the discharge is stated.
“This is the first time a blockchain network has created world-financial credentials, such as income, possession, and identity, proven, tokenized, and trusted for lending,” said Georgina Merhom, Solo founder. “The pass delivers a portable, programmable credit bureau, owned by the people built for.”
Eric Schmidt has been involved in Blockchain and Crypto space for some time, Having joined the chainlink labs As a strategic counselor back in early 2023.
