Today at the CordaCon enterprise blockchain conference, the often-quoted benefits of digital bonds were discussed. But it was one of the more provocative questions that attracted attention. William Black, a Managing Director at Moody’s, noted that when they scratched below the surface of many blockchain security issuances, they were usually being run in parallel to existing systems.
“Noone is going to disagree that there’s a lot of redundancy in the system today and that DLT has a lot of promise in reducing and eliminating a lot of that redundancy,” said Black. “So I’m focused much more on the here and now. How do we get there?”
He asked the other panel members about how to replace the current system that has worked for decades while stating that “blockchains can also break down”.
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