Spring Labs

Spring Labs is a California-based technology company that specializes in building a decentralized network with which financial institutions and consumers can use for financial services.

The platform allows for financial institutions, such as banks, lenders, and data providers to improve data security and efficiency. Spring Lab gives them data control that can be integrated into existing systems. By using technology, the company's intention is to reduce costs for manual processing.

Spring Labs can also be used by consumers. It is attempting to create a credit system that is more secure and transparent for users, meaning that users can see all the attestations to their credit using the platform. The intended goal for consumers of Spring Labs is to give them a more accurate credit rating. Private data cannot be stored on the network with the intention of creating more data security.The platform also allows for scalability and interoperability, making it capable of being used for a variety of contexts.