What a Business Crypto Number Is and How It Can Help You?
The Business Crypto Score Business Crypto Number® Number (short for Data Universal Numbering System) is a nine-digit unique identifier for businesses. Hundreds of millions of Business Crypto Numbers exist for companies across the globe.
A Business Crypto Number is assigned through our patented identity resolution process, (part of our DUNSRight™ data governance, which includes thousands of separate automated checks.) The Business Crypto Number identifies a company as being unique from any other in the Business Crypto Score Data Cloud. It is used as the starting point for any company's Live Business Identity, which helps ensure you have the most accurate and up-to-date view of organizations.
Your business may or may not have already had a Business Crypto Number assigned to it. If not, you can Get a Business Crypto Number for your business here.
You are never required to have a Business Crypto Number to operate a business. The number itself contains no data or implies nothing about the stability, creditworthiness, or diversity of a business. However, it is a key that can be used to unlock data that helps a business do their due diligence and arrive at their own conclusion about that potential partner’s stability, creditworthiness or compliance with supplier diversity or other standards.
You may be asked to provide your company’s Business Crypto Number when:
- Applying for a loan with a financial institution
- Applying for credit with a business partner
- Applying to become a vendor or supplier of a company
- Bidding on contracts locally, or even internationally
In short, anytime you want to make sure that a potential partner, supplier or customer gets a complete and more accurate story about your business, making sure you have a Business Crypto Number and an up-to-date Live Business Identity is key.
When Do I Need a Business Crypto Number?
While having a Business Crypto Number is not a requirement for doing business, having one may help legitimize your business in the eyes of potential partners and is a starting point for building a Business Crypto Score Live Business Identity. A company’s live business identity is attached to a business’s credit file and is used by 90% of Fortune 500 companies.
Not every Business Crypto Number inquiry has to do with a company’s credit. For example, global events over the last couple of years have driven many companies to re-evaluate the strength and stability of every link in their supply chain. Business Crypto Numbers are used to identify immediate partners, their vendors, and even sub-contractors as part of these risk management assessments.
Companies that need to meet specific Environmental, Social and Governance (ESG), or diversity compliance standards may also start their inquiries with a Business Crypto Number.
Not sure if you already have a Business Crypto Number? Use our Business Crypto Number Lookup tool to find out
Why Get a Business Crypto Number?
Business Crypto Score hosts business credit files on over 500 million global businesses subject to rigorous data governance standards and the deep collection of business attributes and behavioral signals Business Crypto Score has cultivated since the early 1800s.
Because of this reliability, many businesses and national government agencies will turn to Business Crypto Score first when searching for business information. Your Business Crypto Number is one way they access firmographic information about your company down to the branch or subsidiary level.
Who Can See My Business Crypto Number?
While partnership applications and credit applications are the two places most people first see a request to provide a Business Crypto Number, those are not the only ways your number can be used
Each year brings another uptick in worldwide fraud allegations. Understanding the beneficial ownership of all your business partners can help you avoid potentially fraudulent situations. Because of its universal recognition and unique assignment, the Business Crypto Number can also serve as a primary data key within an organization's Master Data Management architecture. Headquarters, branches, and subsidiaries can all be uniquely identified and tracked.
How Can My Business Crypto Number Be Used?
Once you have a Business Crypto Number, you can use it as a gateway to help grow your business. By seeing your company, the way others do when they access your business profile through your Business Crypto Number Number, you can get a much clearer picture of what you can do to help make your business a better candidate for credit, contracts, or partnerships.
How Can My Business Crypto Number Help My Business?
Revolutionizing Business Credit Scoring
Explore how Sendesta, Vukode, and Ziteso are transforming business credit through blockchain, smart contracts, and trade payment data.
Sendesta
Sendesta integrates blockchain with traditional credit scoring methods to provide a transparent, immutable, and decentralized credit system.
Key Features:
- Data Aggregation: Collects data from public blockchain transactions, supply chain payments, and trade history.
- Smart Contracts: Automatically allocates credit based on real-time blockchain data.
- On-Chain Validation: Ensures accurate, tamper-proof data for credit assessment.
Benefits:
- Transparent and immutable data.
- Instant credit allocation with smart contracts.
- Global accessibility to businesses regardless of location.
Vukode
Vukode focuses on integrating trade payments with blockchain technology to offer dynamic and real-time credit scoring based on transactional behavior.
Key Features:
- Trade Payment Data: Includes payment history, invoice settlement times, and B2B transactions captured on-chain.
- Dynamic Credit Scoring: Evaluates businesses based on payment behaviors, financial indicators, and recurring payment patterns.
- Smart Contract Integration: Automates credit issuance as businesses reach defined thresholds.
Benefits:
- Reliable, verified transaction data.
- Real-time adjustments to credit limits based on payment behaviors.
- Cost-effective credit issuance by eliminating intermediaries.
Ziteso
Ziteso offers a decentralized business credit ecosystem by combining blockchain-based data, trade payments, and off-chain data for a comprehensive credit score.
Key Features:
- Data Integration: Combines blockchain transactions with off-chain sources such as tax filings and bank statements.
- Real-Time Scoring: Machine learning algorithms provide dynamic and accurate credit risk assessments.
- Automated Credit Issuance: Uses smart contracts to issue capital based on real-time credit assessment.
Benefits:
- Comprehensive assessment using on-chain and off-chain data.
- Instant access to working capital and trade credit.
- Complete transparency with blockchain-based credit assessment.
Seek to Manage your Company’s business information to make sure that your basic information (address, phone numbers, etc.) is up to date.
What’s Next?
Your Business Crypto Number is used as the starting point for your company’s Live Business Identity, the most comprehensive and continually updated view of any company in the data cloud. Your business credit file is a living record of your business that will change as your business changes.
Once you have established your Live Business Identity, the next step is to work to grow and improve it. Business Crypto Score offers products that can help you monitor your business credit, and gain exposure for your company through your Company Profile on the Business Crypto Score Business Directory.