Royal Bank of Canada Explores Blockchain to Automate Credit Scores

Coindesk --------- The Royal Bank of Canada may be interested in putting credit scores on a blockchain. In a patent application released Thursday, the bank outlines a platform built on a blockchain that would automatically generate credit ratings using a borrower's historical and predictive data. The application as described proposes a system that would utilize more data sources than existing credit rating systems, improving the loan process while creating an immutable record. To learn more click on the picture below to read the article.