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What is Bloom?

Bloom is a blockchain-based protocol that enables users to take control of their data, identity and credit score. It provides a secure platform for people to access financial services such as loans, insurance, investments and more. The Bloom protocol allows users to create an immutable digital identity that can be used across different applications and websites. This digital identity is secured by the blockchain technology which ensures its safety and privacy. Additionally, Bloom also offers a decentralized credit scoring system that uses machine learning algorithms to accurately assess an individual’s creditworthiness.

The Bloom protocol works by creating a network of trust between lenders and borrowers. Lenders can use the platform to verify the borrower’s identity before approving any loan requests. The platform also helps protect lenders from fraud by using smart contracts to ensure all terms of the loan are met before funds are released. Furthermore, Bloom provides users with access to various financial services such as loans, investments, insurance products, and more.

Overall, Bloom is a revolutionary new way for individuals to gain control over their personal data while accessing secure financial services. By leveraging blockchain technology and machine learning algorithms, it provides users with an easy way to manage their finances in a safe environment.