Since Bitcoin (BTC) established a new all-time high in late-December 2017, the cryptocurrency market has faltered. Since that fateful month,… read more
What is Bloom?
The Bloom protocol will use the Ethereum blockchain to provide a novel approach to the credit risk assessment allowing both traditional fiat lenders and digital asset lenders to issues compliant loans on the blockchain while providing lower fees and improve borrower experience at the credit issuance process. The Bloom platform will feature a BloomID (a global secure identity, allowing lenders to offer compliant loans globally), BloomIQ (a system for reporting and tracking current and historical debt obligations that are tied to a user s BloomID), and BloomScore (a metric of consumers creditworthiness). Bloom token (BLT) is an ERC-20 token that will be used to participate in evaluating user identities and creditworthiness. Bloom is a decentralized credit protocol that aims to address the existing limitations of the actual credit scoring system. Furthermore, it will give users voting rights on future developments on the Bloom credit scoring system.
Facebook recently banned all ads from Bloom, a blockchain-oriented startup that develops identity management solutions, CNBC reports. The social media… read more
Is the ICO bloom falling off of its rose? ICO funding has fallen to just over $300 million, taking it… read more
Molly Bloom is an entrepreneur, keynote speaker, and bestselling author of Molly’s Game. Her novel was made into an award-winning… read more
Wednesday, August 15 marked the final day of the ChainXchange blockchain convention and conclusion of the main event of the… read more
DisclaimerThe information provided here does not constitute investment advice, financial advice, trading advice or any other sort of advice and you should not treat any of this content as such. None of the information should be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. We do not endorse or rate any initial coin offerings or cryptocurrencies listed or mentioned, nor do we encourage our readers to invest in anything. Investing in initial coin offerings or any cryptocurrency is considered a speculative and high-risk activity and we strongly encourage all investors to perform their own due diligence and consider their own circumstances before considering an investment.