Odaily News Untangled Finance and Moody’s Ratings have completed a proof-of-concept to move credit ratings on-chain by testing a system that allows decentralized access to Moody’s financial data. The proof-of-concept, conducted on the Polygon Amoy testnet, integrated Moody’s ratings into Untangled Finance’s risk oracle Credio. The system uses zero-knowledge proof (ZKP) technology to allow credit ratings to be securely issued, updated, and withdrawn on-chain while protecting proprietary information. This development could make risk assessment more transparent and efficient, allowing DeFi protocols and other blockchain-based applications to integrate real-time credit data without relying on centralized intermediaries. (CoinDesk)