By Ayman Websites 
Blockchain Credit Scoring: The Key to Financial Inclusion
According to Chainalysis 2025 data, a staggering 48% of Vietnamese people are unbanked, highlighting a huge gap in access to financial services. This gap is where Vietnam blockchain credit scoring comes into play, providing a solution that could reshape how citizens access credit.
How Blockchain Works in Credit Scoring
Think of blockchain credit scoring like a marketplace for creditworthiness. Just as vendors display goods and prices, blockchain can store an individual’s credit history securely and transparently. The technology creates an immutable record, which means once it’s on the blockchain, it can’t be altered—just like how a vendor can’t change the price of a displayed item. This allows lenders to assess borrowers accurately and quickly.
Zero-Knowledge Proofs: Ensuring Privacy
You might have heard about zero-knowledge proofs, but what are they? Imagine you need to prove to a friend that you have enough money to buy a new phone without showing them your bank statement. Zero-knowledge proofs allow borrowers to demonstrate their creditworthiness without exposing all their sensitive financial details. In Vietnam, this technology can enhance trust between borrowers and lenders, paving the way for more lending opportunities.
The Road Ahead: Challenges and Opportunities
Despite the promising potential of blockchain credit scoring in Vietnam, challenges remain. Issues such as regulatory clarity and public awareness need addressing. Just like arranging a community event requires coordination, implementing these systems will need stakeholders across various sectors to come together.
Conclusion
In summary, Vietnam blockchain credit scoring could be a game-changer in the quest for financial accessibility. While hurdles exist, the potential benefits make it a worthwhile pursuit. For further insights, download our toolkit on blockchain integration strategies.
