How Verifiable Credentials can reduce up to 10x the costs of loan underwriting
Nick Lambert and Alex Lyashok talk about why Merit Protocol and Dock partnered to reduce loan underwriting costs.
In this episode of Identi3, Nick Lambert is joined by Alex Lyashok, Merit Protocol’s CEO, to talk about why Merit Protocol and Dock partnered to reduce loan underwriting costs.
Dock makes any document you issue fraud-proof and allows your stakeholders to instantly and securely verify their authenticity in seconds – making expensive manual verifications disappear.
Merit Protocol utilizes Zero-Knowledge Proof cryptography to prove employment record data points without actually revealing them.
Agenda
0:00 Intro
03:31 What does Merit do?
05:26 The problem: the costs of loan underwriting
11:42 How Verifiable Credentials can help reduce up to 10x the costs of loan underwriting
26:41 What kind of impact do you think Verifiable Credentials technology will have in the financial services industry?
30:40 Why did you choose Dock as a provider of Verifiable Credentials technology?
32:49 What excites you most about Web3?
36:00 Where do you see Merit Protocol going in the next 5 to 10 years?
