What is BloomIQ?
BloomIQ is a system for reporting and tracking current and historical debt obligations that are tied to a user’s BloomID. BloomIQ is designed to bring the wealth of pre-existing and comprehensive credit history to the blockchain while maintaining privacy for individuals. This is achieved by introducing a permission-based data sharing system, offering a marked improvement over current systems. Data about an individual’s ability to pay past debts remains an important part of determining credit risk, and BloomIQ enables this functionality to be decentralized and reusable.