How efficient is decentralized credit scoring?

How efficient is decentralized credit scoring?

The days of banks being the sole gatekeepers for lending are waning. With technological advancements, innovation in financial services and increasing demand from consumers, decentralized credit scoring is gaining traction as an efficient way to grant access to credit. Decentralized credit scoring utilizes distributed ledger technology (DLT) which enables peer-to-peer transactions and real-time information sharing […]