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Fortune
Fortune
Ivana Pino

TransUnion’s latest partnership could make lending more transparent for blockchain platforms and users

Transunion blockchain DeFi
Illustration of a diagonal chain made out of cubes to represent "blockchain" that fades from red to yellow to green. (Credit: Photo illustration by Fortune; Original photo by Getty Images)

This past week, major credit reporting bureau TransUnion announced a partnership with Spring Labs and Quadrata to bring credit scoring to blockchain and make it easier for lenders to make more informed decisions about lending applications. 

But what exactly is blockchain and how does this key credit information change how blockchain-based apps do business? 

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