Privacy Policy
Last updated: April 3, 2023
Introduction
At WorldScore, we take your privacy seriously. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our decentralized credit score platform. Please read this privacy policy carefully. If you do not agree with the terms of this privacy policy, please do not access the platform.
Information We Collect
As a decentralized platform, we minimize the amount of personal data we collect and store centrally. However, to provide our services, we may collect the following types of information:
Personal Information
- Email address (for communication purposes)
- Blockchain wallet addresses
- Information you provide when creating an account
Financial Information
To generate your credit score, our system analyzes financial data such as:
- Transaction history (with your explicit permission)
- Loan repayment records
- Other financial behaviors relevant to credit scoring
This information is processed in a decentralized manner, with cryptographic techniques ensuring that only the minimum necessary data is shared with our systems.
How We Use Your Information
We use the information we collect to:
- Generate and maintain your decentralized credit score
- Improve and optimize our platform
- Communicate with you about your account and provide customer support
- Detect and prevent fraudulent activities
- Comply with legal obligations
Decentralized Data Storage
As a decentralized platform, much of your data is stored on blockchain technology rather than centralized servers. This means:
- Your data is distributed across a network rather than stored in a single location
- You maintain control over your personal information through cryptographic keys
- Information on the blockchain is immutable and cannot be altered retroactively
Data Sharing and Disclosure
We do not sell your personal information. We may share your information in the following circumstances:
- With your explicit consent, such as when you choose to share your credit score with a lender
- To comply with legal obligations
- To protect and defend our rights and property
- With service providers who help us operate our platform, subject to strict confidentiality agreements
Your Rights and Choices
You have several rights regarding your personal information:
- Access and update your personal information
- Request deletion of your account and associated data (except for blockchain data which cannot be deleted due to the nature of the technology)
- Control what financial information is connected to your WorldScore profile
- Opt out of marketing communications
Security Measures
We implement appropriate technical and organizational measures to protect your personal information:
- Encryption of sensitive data
- Regular security assessments
- Strict access controls for our systems
- Continuous monitoring for potential vulnerabilities
Changes to This Privacy Policy
We may update this privacy policy from time to time. We will notify you of any changes by posting the new privacy policy on this page and updating the "Last Updated" date.
Contact Us
If you have any questions about this privacy policy or our data practices, please contact us at:
Email: support@worldscore.org