1 month ago
A proof-of-concept demonstrated the feasibility of bringing Moody’s recognition standing accusation into Untangled Finance’s hazard oracle infrastructure.
Updated Mar 19, 2025, 5:13 a.m. UTCPublished Mar 19, 2025, 5:12 a.m. UTC
Untangled Finance and Moody’s Ratings person completed a Proof of Concept to determination recognition ratings on-chain by investigating a strategy to let for decentralized entree to Moody's fiscal data.
The proof-of-concept, conducted connected the Polygon Amoy Testnet, integrated Moody’s Ratings into Credio, Untangled Finance’s hazard oracle. Using zero-knowledge impervious (ZKP) technology, the strategy allowed recognition ratings to beryllium securely published, updated, and withdrawn on-chain portion protecting proprietary information.
“Our oracle solution ensures real-time information visibility and immutability portion preserving privacy,” said Manrui Tang, co-founder of Untangled Finance, successful a release.
Bringing recognition ratings on-chain could marque hazard appraisal much transparent and efficient, allowing DeFi protocols and different blockchain-based applications to integrate real-time recognition information without reliance connected centralized intermediaries.
This follows Untangled Finance's 2024 determination to motorboat a $6 cardinal backstage recognition excavation connected Celo, arsenic CoinDesk antecedently reported, which allowed accredited investors to lend USDC nether Luxembourg securitization rules.
Sam Reynolds
Sam Reynolds is simply a elder newsman based successful Asia. Sam was portion of the CoinDesk squad that won the 2023 Gerald Loeb grant successful the breaking quality class for sum of FTX's collapse. Prior to CoinDesk, helium was a newsman with Blockworks and a semiconductor expert with IDC.
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