On-Chain Credit Scoring System

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On-Chain Credit Scoring System

Inspired by a conversation on:

The Edge Podcast

The Edge Podcast

The Multi-Trillion-Dollar Opportunity for DeFi Unsecured Credit Markets

Host: DeFi Dad

Timestamp: 00:10:24 - 00:11:17

Listen to Episode • View Podcast • All Ideas from The Edge Podcast

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Feather Flow

Direct Quote

"We could all of a sudden now extract your credit scores, your credit reports, crucially without requiring your social security and date of birth."

Market Gap

Existing credit scoring systems are often invasive and inaccessible.

Current credit scoring methods primarily rely on traditional credit bureaus, requiring sensitive personal information like Social Security numbers and birth dates. This creates barriers for many potential borrowers who are either privacy-conscious or lack traditional credit histories. Furthermore, these systems often fail to account for the financial behavior of individuals in the digital economy, where assets may not be reflected on traditional credit reports. The lack of a robust, privacy-preserving method to assess creditworthiness in the DeFi space limits access to credit and capital, which is vital for innovation and economic growth. A new approach is necessary to bridge these gaps and empower a wider range of users to access credit.

Summary

3Jane is creating an on-chain credit scoring system that leverages zero-knowledge proofs to extract credit data without compromising user privacy. This system allows for the assessment of creditworthiness based on both on-chain and off-chain data, providing a more accurate and inclusive credit scoring model. This innovative approach not only preserves user privacy but also opens up access to credit for users who might be excluded by traditional systems. The target audience includes individuals and small businesses looking for unsecured credit options. The system will incorporate integrations with existing credit data platforms and use advanced algorithms to ensure fair and effective credit evaluations.

Categorization

Business Model
Platform
Target Founder
Technical
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
> $10,000

Scores

Clarity
8/10
Novelty
9/10
Feasibility
8/10
Market Potential
8/10
Evidence
7/10
Overall
8/10
Found on September 9, 2025 • Analyzed on September 9, 2025 3:12 AM

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How should I validate this platform idea before building it?

2:34 PM

Great question! For a platform idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 3-6 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available > $10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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Similar Ideas

Unsecured Credit Protocol for DeFi

3Jane is developing a decentralized finance protocol that enables unsecured loans by assessing creditworthiness through a combination of on-chain and off-chain data. This model aims to unlock a significant market for unsecured credit in the DeFi ecosystem, where borrowers can access funds based on future cash flows rather than existing assets. By using zero-knowledge proof technology, 3Jane can extract credit scores without compromising personal privacy, thus appealing to a broader audience. The target audience includes emerging businesses and individuals who are productive but lack substantial collateral. The implementation will involve partnerships with credit data providers and the use of a proprietary credit scoring system to determine lending risk.