Bloom initial coin offering (ICO)

Say Hello to Inclusive Credit



Bloom brings credit scoring to the blockchain. Founded Stanford engineers, Bloom makes credit global and inclusive. Bloom allows both traditional and digital currency lenders to serve billions of people who currently cannot obtain a bank account or credit score. Joey Krug (Augur / Pantera) and Joe Urgo (District0x) serve as advisors.

3.9
6 6 expert ratings
3.4
3.4
3.9
3.3
View rating distribution
Starts in 1 year ago
2017-11-30 - 2018-01-01
Token
BLT
Type
ERC20
Price in ICO
1 BLT = 0.70 USD
Platform
Accepting
ETH,
Hard cap
50,000,000 USD
Raised
40000000
ICO start
Nov 30, 2017
ICO end
Jan 1, 2018
More on ICO
Report

About Bloom ICO

Bloom is a standardized, programmable ecosystem to facilitate on-demand, secure, and global access to credit services. Bloom presents a novel approach to credit risk assessment allowing both traditional fiat lenders and digital asset lenders to issue compliant loans on the blockchain while increasing competition to lower fees and improve borrower experience at every layer of the credit issuance process.
The Bloom protocol presents solutions to the following problems:

  • Cross-Border Credit Scoring: Credit histories are not portable across countries, forcing individuals to re-establish their credit track records from scratch when they relocate.

  • Backward-Looking Creditworthiness Assessment: Credit systems rely on historical debt repayment information and therefore cannot easily accommodate users who are new to credit. This is especially prevalent among minorities, the underbanked, and the youth.

  • Lenders Have Limited Ability to Expand and Offer Loans Globally: Borrowers in markets with less developed financial and regulatory infrastructure
    struggle to access credit as lenders have limited identity and scoring data to base credit decisions.

  • High Risk of Identity Theft: Borrowers must expose all of their personal information when applying for a loan - the same info an attacker can use to
    open new lines of credit.

  • Uncompetitive Credit Scoring Ecosystem: Credit data is centralized. In most markets, a single provider scores credit, resulting in an uncompetitive
    ecosystem for evaluating credit risk. FICO was checked on 90% of all U.S. Loans.
  • Bloom reviews

    Farabi Shayor
    Marketing Professional | VR Research Lead | Cryptocurrency Specialist
    Rated on Nov 15, 2017
    5
    5
    4
    6%
    Berkay Alp
    ICO Analyzer
    Rated on Nov 16, 2017
    2
    3
    3
    6%
    Petar Savic
    Serial Tech Entrepreneur
    Rated on Dec 19, 2017
    2
    3
    4
    6%
    Nathan Christian
    Blockchain Technology Consultant
    Rated on Dec 23, 2017
    2
    3
    3
    12%
    Simon Waddington
    Software engineer and advisor
    Rated on Dec 28, 2017
    5
    5
    3
    15%

    Bloom has a very solid team and a well thought out vision of how a decentralized credit rating system that separates identity, data-storage, and ratings calculation. They are now thinking outside of the loans and credit rating box and I think it is only a matter of time before BloomID because universally useful across a whole range of sites and also brings social media reputation to your rating. That will be very powerful and could mean massive use of Bloom.

    So far we have not seen anything of the product but Phase 1 will launch on Jan 1st for ICO participents to bootstrap the system. This is one of my favorite blockchain dApps.

    PlumBot
    ICO Analyzer Bot
    Rated on Oct 4, 2018
    0
    0
    0
    55%


    Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

    Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

    Bloom ICO price

    Price in ICO

    1 BLT = 0.70 USD

    Bloom (BLT) crypto

    Bloom coin

    Bloom token
    BLT
    Bloom type
    ERC20
    Bloom platform

    Bloom (BLT) value

    Tokens for sale
    150000000

    Bloom market cap

    Bloom market capitalization
    $ 40000000

    Bloom investment info

    Accepting
    ETH,
    Distributed in ICO
    50%
    Hard cap
    50,000,000 USD

    Bloom whitepaper

    Bloom team

    Apply as an advisor

    Meg Nakumura

    CEO of Shift Payments

    Advisors

    Joseph Urgo

    Co-Founder District0x

    Advisors

    David Raphael

    Infinity Media

    Advisors

    Bloom milestones

    1
    Phase 1: Bloom Invitation System and Voting

    WePower idea

    2
    Phase 2: Bloom Identity Matching (BloomID)

    WePower idea

    3
    Phase 3: Credit Staking (Precursor to BloomScore)

    WePower idea

    4
    Phase 4: Creditworthiness Assessment (BloomScore)

    WePower idea

    5
    Phase 5: Bloom Credit Protocol Launch + BloomCard

    WePower idea

    6
    Phase 6: Democratized Autonomous Credit Infrastructure

    WePower idea

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