TransUnion to Provide Credit Scores on Blockchain

On April 20th, TransUnion, one of the three major credit reporting agencies in the United States, announced that it will begin supplying credit scores to public blockchain networks. Off-chain credit data was previously unavailable for decentralized applications (DApps) or DeFi protocols. With the new TransUnion service, credit information will be made available to decentralized applications or DApps upon request by the consumer. The full credit information will be made accessible to the consumer and only partial data will be passed on to the DApp. TransUnion has partnered with Spring Labs and Quadrata to provide credit data through digital passport networks.