Spring Labs

Powering The Future of Credit and Identity Spring is building a decentralized network for identity and credit to serve as the foundation for a more transparent, secure, and efficient delivery of financial services. Our Vision for A Decentralized Network for Credit and Identity on Blockchain Iron-Clad Security IRON-CLAD SECURITY Private data isn't stored on the network, no data is replicated. Scalability SCALABILITY Unique dual-layer blockchain overcomes scalability concerns. Full Transparency FULL TRANSPARENCY The source of data is verifiable, creating trust in the network. Interoperability INTEROPERABILITY A general-use protocol creates a wide array of valuable use cases. For Financial Institutions Spring's goal is to be a paradigm shift in data security and cost efficiencies for financial institutions. Financial institutions and lenders participate in a point-to-point attestation network, allowing the retention of data control with outsized monetization compared to the existing model. Stronger Security Against Breaches Full Data Control and Flexibility Ease of Integration with Existing Systems Reduced Costs from Manual Process Create Profit Centers from Data Sharing For Consumers For Consumers Spring is creating the foundation for a credit system that is more transparent and secure for consumers. The Spring network will allow users to view all attestations about their credit and identities for free, and enables functionality for open alerts and notifications. Improved Transparency Protection Against Data Breaches Easily Contest Information on Consumer Credit Reports Spring Labs is the company behind Spring, an open credit and identity network that serves as the foundation for a more transparent, secure, and efficient delivery of financial services. Spring Labs is an early stage company. Any statements herein represent the current vision of the platform, but it is likely to change as we build the technology, based on optimization and plausibility of functionality, as well as other considerations. Spring Labs envisions that there will be a number of contributors to the platform and therefore the applications may be built by Spring Labs or other participants of Spring ecosystem.