The DefiScore is a decentralized alternative credit score rating system that rewards users for sharing their data. The DeFiScore smart contract will not only reward the user but provide a layer of transparency storing the wallet interactions on Hedera’s blockchain.
Our business model charges the larger web2 vendor a set amount to view the report, and 50% will be passed onto the user. The DeFiScore smart contract will not only reward the user but provide a layer of transparency storing the wallet interactions for who viewed their score on Hedera’s blockchain for our MVP.
We have plans in motion to take our project beyond the hackathon, and truly make a difference with crypto education starting with divorced females. After our MVP we plan to gamify the experience through our DeFi Learning Course. We would offer an alternative credit score based on your current score plus your DeFiScore. Our course would provide learning opportunities to improve your score with knowledge and verification of on-chain transactions.