Decentralized credit scoring

Credit scoring, an important prerequisite for financial institutions to lend to individuals, normally requires the disclosure of a great deal of personal information. Once disclosed, the information is costly to process and store by receiving organizations and is in danger of leakage to malicious actors.

Midnight’s ZK technology can verify an assertion without disclosing information outside of the assertion itself. This feature is useful in decentralized credit scoring, where a credit score can be assigned to a digital ID without the owner of the identity disclosing any other personally identifiable information.