SupraOracles is pleased to announce a partnership with DeCredit, a credit oracle that provides credit for the blockchain world. DeCredit's goal is to create the world's first credit oracle that combines on-chain and off-chain credit. Users can manage and use their own credit data according to DeCredit's scoring system.
The credit oracle machine transmits personal credit investigation data to smart contracts based on blockchain technology. Basically, credit oracles act as a link between the blockchain and the real world, supplementing on-chain credit data with off-chain credit data.
Credit is a form of economic power that allows people to obtain additional cash flow in the short term. Through its credit oracle approach, DeCredit improves the liquidity and security of on-chain DeFi projects. Credit oracles can help DeFi gain traction by introducing off-chain credit data that reaches a wider range of users.
The DeCredit team has extensive experience in the financial sector. They not only cooperate with the credit investigation business, but also establish a number of credit algorithms in the process of providing services to customers. The reliability of the credit algorithms has also been verified after years of optimization and improvement.
DeCredit's credit algorithm scores the data and sends it to the blockchain. By using the credit oracle mechanism, DeCredit has developed a world-class credit policy model. Credit data nodes are being deployed globally to help integrate on-chain and off-chain credit data. The DeFi market will be enabled by establishing a complete on-chain credit system, which includes encryption technology and a credit prediction system.
SupraOracles will help DeCredit by sending real-time data from API and database. SupraOracles will provide real-world applications with valuable data from blockchain environments. As part of this partnership, SupraOracles and DeCredit will expand DeFi with the ability to collect off-chain and cross-chain data.
DeCredit CEO and co-founder Jack Hsu said:
Joshua D. Tobkin, CEO and co-founder of SupraOracles, said:
Joshua D. Tobkin, CEO and co-founder of SupraOracles, said:
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About DeCredit
With the Credit Oracle protocol, DeCredit is working to enhance web3. By importing off-chain credit data into the blockchain field, the data barrier between on-chain and off-chain can be broken, allowing users to obtain data ownership and autonomy. DeCredit Oracle uses globally distributed credit nodes and DAO governance to provide a more secure and reliable web3 infrastructure. The goal of DeCredit is to enhance web3 and research new use cases such as DeFi, GameFi, NFT, SocialFi and RWA.
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