An Intellyx Brain Candy Brief

In the US, the three major credit bureaus provide lenders with the data they need to make lending decisions. However, for people with no credit as well as people outside the US, the lack of third-party creditworthiness data hampers the ability for people to obtain credit cards and other credit.

For countries where people don’t have bank accounts and use their phones to make routine payments, this problem is especially pervasive.

Secure Credit Systems hopes to address these challenges with the blockchain-based offering it is building on the open source Hyperledger platform. The company hopes to collect third-party information credit bureaus may not collect, like rental and utility payment history. It also seeks to give end-users greater power over which information they share with lenders.

Because Secure Credit Systems runs on Hyperledger, it offers a permissioned approach to a to leveraging blockchain to build an immutable distributed ledger that doesn’t suffer from the problems of permissionless platforms like Ethereum, thus making it better suited for the world of modern financial payments than many similar blockchain projects.

Copyright © Intellyx LLC. Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. To be considered for a Brain Candy article, email us at

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