Bloom (BLT)

Bloom (BLT) is a cryptocurrency part of the Bloom Protocol, which aims to create a decentralized and secure platform for identity verification. The protocol uses blockchain technology to give users control over their data and provide trustworthy validation of identities. With the Bloom platform, users can generate a secure and reusable digital identity, monitor their credit score, and protect themselves from identity theft. Businesses can also benefit from the platform by reducing fraud and generating more revenue through push-button deployment and validation of customer data.

The Bloom platform offers various solutions for different user groups. For developers, cutting-edge self-sovereign identity (SSI) features, open-source tools, and battle-tested builds can be easily integrated into applications. Consumers can monitor and secure their credit and identity for free, check their credit scores, and receive alerts on any changes or breaches. Bloom has gained global trust, with businesses using its platform to build trust and make smarter decisions. The platform has also partnered with TransUnion, a credit bureau, to help consumers better manage their data and transform the digital identity industry.

Bloom is a leading player in the SSI market, offering real-world data integrations and solutions for identity management. Its goal is to transform data governance models, reduce reliance on trusted intermediaries, and benefit users and businesses. With startups like Bloom and foundations like the Decentralized Identity Foundation making significant pushes toward mainstream adoption, the digital identity industry is poised for transformation. By connecting businesses and consumers and providing secure identity verification, Bloom empowers individuals and organizations to validate anything about anyone while maintaining privacy and control over personal data.