Zeru Finance is Buidling the Worlds First AI Generated Credit Score - Prof. Ashutosh Sahoo, Zeru Fin - video Dailymotion

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Zeru Finance, led by Prof. Ashutosh Sahoo, is pioneering the world's first AI-generated credit score—revolutionizing decentralized lending with smarter, fairer risk assessment for Web3

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00:00yeah yeah first of all you know welcome you and and we are glad that you're here on the

00:09roll-up day just tell a bit about yourself your web3 journey and what you are doing

00:14so we are currently building the world's first truly decentralized AI generated credit score

00:22and the computations are happening on an eigen ABS okay now the thing is if we look at previous

00:29attempts at credit credit scores they have all failed primarily because they are centralized so

00:36they did not find acceptance in lending borrowing protocols and what we are what has changed since

00:41then eigen layer has come up and AI has advanced really well so we are able to generate a credit

00:47score for every wallet essentially probability of liquidations and based on the credit score we are

00:52giving leverage on money markets so if you've got a good credit score you can get a greater leverage

00:59and this is not like a perp DEX or typical margin trading these are complex DeFi strategies which

01:06are usually difficult to use as as a normal dgen or a normal end user right we are using AI to automate

01:14all of that right so it creates an economic flywheel which unlocks a number of use cases like zero

01:20collateral loans under collateralized lending right crypto credit cards bringing real world uh you know

01:27credit and you know on chain and rewarding people so that will help us onboard you know a lot more

01:33retail into DeFi so that is what we are doing at zero about me I have worked for 15 years in fortune 500

01:40companies before getting into web3 so Sandeep and I are from Indian Institute of Management Mumbai so I'm from the same

01:46in college in 2014 batch in 2009 so that is how I learned about crypto so Polygon was my route to crypto

01:54not BTC or not ETH and I was a retail investor for two two and a half years and then I started building uh

02:02Polytrade with Piyush and Arul so we were in the you know in the core team right when Polytrade was started

02:09after that I spent a couple of years or three years with router protocol and reef so both are layer one

02:17blockchains router solving for interoperability reef was a substrate solo chain back then Polkadot

02:23narrative was quite strong so that seemed like an interesting bet no that that's super super exciting

02:29I've been into lending space you know before getting into blockchain in 2017

02:33uh I was part of a team called Vistocredit based out of us we created the first uh business lending

02:41platform nice you know it was the first of its platform uh very big you know Vistocredit is almost

02:46a billion dollar company now we can learn a lot from you yeah so uh so now so this this whole credit

02:51score piece is super exciting so right now you're using on-chain data only or uh you plan to bring in

02:58off-chain data also so right now the version that is live is on-chain data but we are doing a

03:03zktls implementation okay with reclaim or opacity right uh then we will be able to bring in off-chain

03:09data okay and the best thing is it is zktls so which means the user is still uh you know

03:16got it private private no we are not doing any kyc or we are not revealing identity we cannot

03:22so it's zk so got it and i think super exciting yeah so we hope that this becomes a robust acceptable uh

03:30standard for credit and even if it does not right because for a lending borrowing protocol which has

03:35been learned you know running for five seven years see the use case is very compelling i was working

03:39with a startup called ledger score they were pretty much building on a on a similar line the challenge

03:46is there are in lending today there's highly over collateralized growth right so that that problem

03:51has to be solved if the lending needs to expand and lending you know finances is the heart and soul of

03:57of every every ecosystem every ecosystem right so businesses cannot thrive you cannot access to

04:03capitalism of course the biggest thing exactly and that is what is stopping uh d5 today right capital

04:08inefficiency and over collateral but the thing is even if it is a compelling use case right incumbent

04:14protocols which are already sitting on 25 30 billion tbl they don't want to change their vote because

04:19to yeah even uh and that's how you know see the way i see it is you know uh the disruptive innovation

04:29happens small you know yeah but then then incumbent players also start jumping in that's how it happens

04:35let's see how it goes yeah definitely innovation has to be disruptive that's definitely an exciting

04:40journey that we have set off on right very ambitious uh unknown territory uncharted territory right

04:46so let's see how it goes cool cool thank you lovely talking to you same here thank you thanks for

04:52joining us

04:57you

Zeru Finance is Buidling the Worlds First AI Generated Credit Score - Prof. Ashutosh Sahoo, Zeru Fin

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