Bloom is an ecosystem designed so that lenders can migrate to the block chain. 

 Our society has evolved in a very positive way. Today we enjoy a longer life expectancy, a remarkable access to education and a world that despite its conflicts is certainly more peaceful than in past eras.

However, it is a fact that social mobility remains stagnant: 3 billion people have no chance of accessing basic credit services, and less than 9% of citizens borrow from financial institutions in economies of Development.

In many countries, generations of people live under the guidance of a dark underworld of illegal lending; that is, a pseudo economy run by gangsters and swindlers. For these people, the idea of acquiring enough credit to buy a home, a vehicle or start a business of its own, as simple as it is a dream of epic proportions.

in rich and poor countries, access to credit is a cornerstone necessary for the mobility of society. Regardless of age, gender, language, or nation of origin, credit is the key to boosting prosperity ... From a couple of newlyweds looking to buy their first home, an aspiring entrepreneur who wants to start with a small business, each person needs an entry to inclusion and financial freedom. 

 The impact of credit 

 Credit issues are not limited to the economic projects that are under development. And is that 90% of the loans issued in the United States are qualified by FICO – a company for the analysis of data that is headquartered in California, focused on scoring credit services – which, despite the importance of this market , leaves more than 45 million Americans without credit ratings.

In the United States, the country whose economy is the most solid and developed of the planet, millions of responsible borrowers are denied the right to have a home, start with a business or achieve financial stability, all thanks to the limitations Imposed by the central organizations.

Thus, the problem of credit poses a rather interesting situation, given that it involves a market of the most unequal; although these flaws translate into the squandering of billions, at the end of the day nobody questions the status quo of Credit. In a world of globalization – a process of global integration between different fields, such as politics, technology and the cultural area – the industry that occupies us is far from global.

In short: 

* A person should not have to rebuild his credit from 0 when he moves to a new country.
* Billion people around the world should not be forced to take dangerous and informal loans.
* Your credit score should not decrease because a lender influences it.
* 45 million Americans should not be deprived of their right to buy a home or to start a business.
* Responsible borrowers should not have to take high interest debts to be considered "at good risk."
* Financially stable people should not be penalized by opting for a debt-free path and not using credit cards.
* 3 billion of people all over the world deserve access to basic credit services. 

 Credit problems translate into an artificial conflict, and some people are already tired of simply listening: "That's how it all works" when it comes to discussing the current state of loans. In a world where technological solutions are increasingly innovative, many developers step forward with initiatives that offer answers to various dilemmas. In the Credit field, Bloom is one of them.

Built on Ethereum and IPFS, Bloom brings credit to the modern age with an end-to-end protocol for identity verification, risk assessment and credit scoring, based on the block chain.

Bloom is a standardized and programmable ecosystem that seeks to facilitate access to credit services. It is a tool that offers solutions for the qualification of cross-border credit and identity fraud, while expanding global services to 3 billion of new individuals, improving the qualification methodology for 7000 Millions of people.

Hence, from mortgage providers to local credit companies, lenders around the world will be able to leverage a much broader database and increase the market to three billion new users. Those responsible for the project have years of experience in the area of identity and probabilistic sciences, among which are important works carried out at Stanford University.