Yesterday S&P Global Ratings listed a job advert for a blockchain engineering lead. This is the third division of S&P Global to adopt blockchain technology. S&P Global Ratings provides credit ratings for issuers of debt, securities and structure financed instruments like collateralized debt obligations (CDOs).
The job listing requires enterprise blockchain skills, including Hyperledger Fabric, and mentions the distributed file storage protocol IPFS. It doesn’t outline any specific use cases. One obvious application would be to verify that a rating document is authentic and matches the one published by S&P. Hence, investors that rely on the rating don’t need to worry about whether the document has been manipulated post-publication.
In December, S&P Global agreed to acquire IHS Markit for $44 billion, a firm that also has various blockchain interests, including a stake in DLT-based forex solution Cobalt.
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