CryptoBureau uses the power of Zero Knowledge to build credit score which can allow under-collateralized lending.
When customers submit proofs – it boosts their base score, which then results in lower collateralization requirements. If the customer decides not to pay, other protocol participants will be able to check that and might refuse an additional loan.
CryptoBureau is a platform that enables:
Our initial implementation includes an MVP ERC-20 Lender smart contract, along with four different ZK verifiers that utilize the most popular ZK technologies.
The suite is deployed on Polygon Mumbai as most of ZK tech are not available on other testnets.
Customers initially register with
CryptoBureau contract using WorldID which is used for unique identification. Then, different frontend integrations help to generate ZK proofs to be submitted and verified on-chain. Successful verifications result in updated credit score. Interaction with lender affects the collaterization coefficiant as the history is being preserved.