By CCN: Moody’s is one of the world’s best-known rating agencies, and it appears they are ready to admit they see some upside in blockchain technology. They also claim there are systemic risks to conventional finance from the adoption of the tech. Moody’s Is Concerned About “Concentrated Risk” When Using Blockchain Yes, you heard that correctly. Moody’s angle is not that blockchain technology is displacing and disrupting archaic financial systems. Instead, they argue that its application is risky: “New key transaction parties will be introduced to the process, namely the entities that serve as developer, provider, and operator of a
The post Moody’s Misses the Point on Blockchain Tech, Fears ‘Systemic’ Risk appeared first on CCN
source https://www.ccn.com/moodys-misses-point-blockchain-systemic-risk
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