Untangled Finance will put Moody's credit score on the blockchain

According to CoinDesk, Untangled Finance and Moody's Ratings have completed a proof of concept by testing a system that allows decentralized access to Moody's financial data, transferring credit ratings to the blockchain. The concept validation conducted on the Polygon Amoy testnet integrated Moody's ratings into Untangled Finance's risk oracle Credio. The system uses zero knowledge proof (ZKP) technology, allowing for secure posting, updating, and revoking of credit ratings on the chain while protecting proprietary information. This development can make risk assessment more transparent and efficient, allowing DeFi protocols and other blockchain based applications to integrate real-time credit data without relying on centralized intermediaries.