Polish Consumer Credit Agency Now Using Blockchain

[kreslik.news]

The largest credit bureau in Eastern Europe is to implement blockchain technology to store and secure customer information.

Credit bureaus gather account information to ascertain the creditworthiness of individuals. They differ from credit rating agencies because these are focused on the creditworthiness of businesses and governments. The Polish Credit Office, or Biuro Informacji Kredytowej, is owned by the largest banks in Poland and tracks approximately 140 million credit histories.

It has signed a partnership with Billon, a fintech company that has its headquarters in London. According to the press release, the two entities have developed a “durable medium of information, defined by ... (read more)