Topic: [ANN][BLT] Bloom ✤ PHASE 1 - BloomID and the invite system is currently LIVE! - page 8. (Read 27167 times)

What advantages does this have over traditional credit score companies?

Will you guys being using any forms of machine learning in your system?

With the whole Equifax breach somewhat recently, how much safer do you think your system will be as far as securing information?

Glad to finally see your thread here on Bitcointalk, I've been reading everything I've seen about you guys on Reddit, and I'm very excited for your project!

I seen, that you have partnership with ETHlend. But... ETHlend - this is your competitor or no? Which advantages you have before them?

https://blog.hellobloom.io/introducing-the-bloom-community-rewards-program-3851af892703

Any bounty programme or planning for now ?

I don't think they have a bounty program here on the forum since they are focussing on different reward program like referral/contributors being rewarded.

bounty?

Could you elaborate on this, I didn't spot any "ranking and reward system", maybe I am blind or just sloppy, interested in it in any case.

I actually like the ranking and reward system it can be seen as some kind of bounty, but its better than normal bounty by just giving out coins I am really exciting to see if bloom can reach to the point where its popular among the heaps of regular coins out there.

popular yes, but it's not much about small investors. I'm thinking about how to talk more after the start of ico. in a positive way.

I have noticed a lot of buzz and excitement around this project lately so I better do some digging myself.

Will you support decentralized identity such as uPort or Civic? ie, how will this work with my governmental identity?

We are pleased to share our lender collaboration with Fundary. We will be integrating Fundary’s loans into the Bloom ecosystem, enabling borrowers to access new lines of credit.



Founded in 2016, Fundary is peer to peer lending platform that hopes to bring financial inclusion to the underbanked, allowing all people fair access to credit. They support the mission of leveraging core technologies, like blockchain, to eliminate banking inefficiencies.

We very much support their vision of addressing the underbanked, who have little to no access to institutional credit. They hope to build an ecosystem that allows the world’s population - regardless of their socio-economic status - access to financial services without inefficient costs.

Fundary’s Move to a Better Solution

In Mexico, Fundary found that the back-end costs of accessing an individual’s credit score contributed to high interest rates. Existing credit scoring services charge a fixed fee per credit check, regardless of the length of the applicant’s credit history. They shared that this data is so incomplete for applicants that microloan companies need to make 15-20 credit checks to get one approved loan. For microloans, this was prohibitively costly as most loans were for $200 or less.  
 
They were not happy to settle with charging exorbitantly high interests on micro-loans, which prompted them to turn to other avenues for solutions such as smart contracts and blockchain. They introduce two mechanisms. The first, the Fundary Ambassador is a key actor in originating and insuring loans for borrowers without a credit history, allowing for exponential growth in adoption. The second is the Fundary ecosystem which helps train all actors to receive, spend and invest in their stablecoin, Samas.

 
Fundary and Bloom

Bloom doesn’t lend funds directly. Rather, Bloom creates a global protocol that brings together lenders, borrowers, identity providers, and data vendors, providing a core infrastructure for global credit. This vision would not be possible without key lenders joining the Bloom ecosystem, which is why partnerships with supportive lenders like Fundary are important.

On Bloom, lenders work directly with borrowers. There are no middlemen. Fees are reduced and clear, with transparent terms that are presented upfront. Bloom introduces new methods for federating identities and assessing risk with BloomID, BloomIQ, and BloomScore. This means borrowers and lenders have enhanced opportunity to align, dramatically increasing the speed of accessing credit and reducing friction.

Fundary shares the Bloom mission and is a clear solution for the many individuals struggling to build credit. We are honored to integrate Fundary’s loans into the Bloom ecosystem and excited about the prospects of this partnership.

Read the blog post

Sincerely,
The Bloom Team


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amazing project. i follow.
-a few pieces will be in circulation.?
-it stays locked coin do you have?
-whitelist is there a limit?

I agree there should be a bounty campaign. partners are very good. quality projects.

Bloom would also be good I think. I can join the ico. good luck. 

different and beautiful project. the lack of a bounty campaign is sad. I would love to join. I'm going to follow. could it be then?
 

This is one of very few project that has really great preparation of information. Yet, I see not many people interested in. I though you guys should do a bit more PR & marketing waiting for the token sale.

Also, I still haven't heard about the application for whitelist. When will you guys announce that?