On the 5th September, financial services and ratings agency Moody’s
announced its latest research: blockchain standards. The report concluded that standards would likely appear by 2021, which will bring benefits for securitizations.
Numerous
blockchain standards organizations exist. However, it’s early days and a set of global guidelines for the technology, let alone for the highly regulated financial industry, is yet to be developed. On Thursday, Moody’s predicted that these standards would emerge within two years.
Frank Cerveny, the firm’s VP Senior Research Analyst, stated: “Standardisation of blockchain technology would make its benefits more accessible for securitisations.”
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