Moody’s Predicts Blockchain Standardization In 2021
The American business and financial services company Moody’s sees Blockchain technology will be standardized by the year 2021.
According to Moody’s these standards will be established by 2021 with the primary purpose of time and cost savings, automation and faster data availability as well as for the positive securitizations using the technology.
Senior research analyst at Moody’s Frank Cerveny states that standardization of blockchain technology would make its benefits more accessible securitization as well as improve interoperability across systems and market participants.
Moody’s researchers also stated that that the current lack of standardization and interoperability limits the operational efficiency gains and heightens potential risks.
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