DeFi Needs a More Reliable Credit Scoring System According to Blockchain Platform Ontology Founder Li Jun
DeFi Needs a More Reliable Credit Scoring System According to Blockchain Platform Ontology Founder Li Jun April 19, 2021 @ 6:32 pm By Omar Faridi Decentralized finance (DeFi) requires a more reliable credit scoring system, however, we need to be cautious, according to Ontology (ONT) Founder, Li Jun. Jun explains that credit scores have been “a cornerstone of risk evaluation in the global banking systems for decades.” He adds that they allow banking institutions to determine who may qualify or is eligible to receive a loan, at what interest rate, and what the credit limits might be for a...