Springcoin, Inc., doing business as Spring Labs, develops blockchain based decentralized network that allows lenders, banks, and data providers to exchange data with one another. The company offers decentralized Spring Network, a blockchain based network created to enable financial institutions and data providers to share data and underlying beliefs about credit and identity information. Its platform offers features, such as iron-clad security, scalability, transparency, and interoperability. The company provides security against breaches, data control and flexibility, integration with existing systems, reduced costs from manual process, and profit centers from data sharing services to financial institutions; and transparency, protection against data breaches, and contest information on consumer credit reports to consumers. The company was incorporated in 2017 and is based in Marina Del Rey, California.