Credit assessments of private assets.
The Verified Network provides access to assessment data, metrics and ratings on private businesses. Currently, it provides access to more than 1.5 million private companies and partnerships in India. This base is now being expanded to cover other Asian and European countries. Digital credit assessments cut down the time and cost required to do assessments in the traditional way by a large factor.
The inputs to assessments comprise of publicly available data, company registries, legal and charges related databases. Credit assessments can also include privately provided data such as banking, income and sales tax related data. All data is posted on a blockchain so that it remains private, secure and can not be changed.