@elizabetj
On-chain credit systems won’t fully replace traditional ones soon, but will coexist and gradually erode them. Blockchain offers transparent, immutable, permissionless scores (e.g. Spectral, Cred Protocol), cutting costs and enabling underbanked access. Traditional FICO/ECL systems still dominate lending, regulation and institutional trust. In 5-10 years, DeFi and hybrid models may handle 20-40% of global credit for individuals and SMEs.Key projects:
https://spectral.finance
https://credprotocol.com
https://arcx.money
https://tryprisma.com
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