Spring

Spring Labs is a company focused on creating the Spring Protocol, a decentralized network that enables financial institutions to share and exchange information related to credit and identity data without disclosing the underlying data itself. This innovative approach facilitates direct information sharing among institutions to verify identities and mitigate fraud while ensuring consumer data remains protected. Utilizing an attestation-based method, Spring Labs reduces the risks associated with data breaches for both financial entities and consumers. By differentiating data ownership from data value, the Spring Protocol allows sensitive parties to exchange information in a secure and efficient manner. Founded in 2017 and headquartered in Marina Del Rey, California, Spring Labs aims to enhance data control and security within the credit system through the application of blockchain technology.