Ex-Google Chief Shows Support for Blockchain Credit Bureau Initiatives
Eric Schmidt endorses Keeta and SOLO's efforts to innovate credit access using blockchain technology.
Key Highlights:
- PASS provides modern credit frameworks for wallets, decentralized applications (dApps), and integration into financial services, enabling pseudonymous lending and borrowing.
- Eric Schmidt has established his presence in the blockchain and cryptocurrency landscape, having joined Chainlink Labs as a strategic adviser in early 2023.
Former Google CEO Eric Schmidt has backed Keeta, a high-throughput blockchain company, and SOLO, a credit data platform, as they unveil an innovative on-chain credit bureau. This new initiative is set to expand access to traditional lending services for digital asset holders, including mortgages and small business loans.
According to a press announcement released on Thursday, Keeta is assisting SOLO in developing PASS, a bank-grade financial identity layer that utilizes know-your-customer protocols, income verification, and crypto asset evaluations.
Quote: “This marks a pioneering moment for blockchain technology in verifying financial credentials for lending purposes,” stated Georgina Merhom, founder of SOLO. “PASS enables a flexible, programmable credit bureau, designed for the benefit of its users.”
Schmidt has been deeply involved in the blockchain sector, enhancing his role in the crypto ecosystem since signing on with Chainlink Labs in early 2023.
