US-based Spring Labs has secured $14.75m funding to create a blockchain-based network designed to address credit and identity verification issues for financial businesses and consumers. The company is working with the US Department of Homeland Security (DHS) on its new Identity Verification Service (IVS), which will be used by banks and other institutions that want to offer consumers an alternative
US-based Spring Labs has secured $14.75m funding to create a blockchain-based network designed to address credit and identity verification issues for financial businesses and consumers. Called Spring Network, the platform will allow lenders, banks and data providers to share data easily and cheaply.