This new offer was created by a Keeta partnership, the company behind a blockchain which links various traditional web3 and financial systems, and solo, a credit data infrastructure platform supported by more than 100 banks, according to a press release from Thursday (June 5).
The two companies are supported by the former CEO of Google and President Eric Schmidt, according to the press release.
With their partnership, Keeta’s blockchain allows Solo’s Pass, which is a digital certificate that consolidates financial references in an identity verified for the loan, the Peer-to-Peer credit and the financial reputation in chain, according to the press release.
This collaboration aims to make a chain credit system accessible to crypto and web3 manufacturers, global employees paid in stablescoins, decentralized autonomous organizations (DAO), venture capital companies (VC), banks and others, said the press release.
The partnership will launch the verified profiles this summer, followed by a loan market, the origin of stable loans and bank integrations, according to the press release.
“While the adoption of digital assets is accelerating, Keeta’s blockchain is the first to tackle on scale and regulatory general costs for a chain credit office, opening the door to loans, loans, mortgages, stablecoin payments and more,” said the CEO and founder of Keeta, Ty Schenk, in the press release.
The founder of Solo, Georgina Merhom, said in the press release: “Our partnership with Keeta allows us to build the blockchain confidence layer with real public service and the potential to feed the next billion dollars in loans.”
Keeta announced in June 2023 that Schmidt was one of his investors when the company launched with $ 17 million in funding.
In a press release announcing funding, Schmidt said: “Keeta technology is more evolving and effective orders of magnitude than existing solutions. I am delighted to support Ty and its team in their mission to modernize world payments.”
The convergence of blockchain technology, digital identity solutions and assisted cybersecurity by artificial intelligence emerges as a potentially robust approach to protect sensitive data, prevent fraud and ensure compliance, Pymnts reported in February.
By taking advantage of the decentralized registers for identity and security management protocols, organizations are authorized to rethink traditional cybersecurity executives and to mitigate the risks associated with centralized data storage, identity theft and unauthorized access.
