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Moody's Credit Ratings now moved to Solana!

Moody's Credit Ratings now moved to Solana!

Moody's rating is one of those companies known for their credit ratings. And they happen to do pretty decent for the growth. They are also the blockchain adapting this year. And they decided to work with the alphaledger. And on the Solana they decided to deploy their rating. 

This would make the credit rating possible on the blockchain. Some of the difficult ratings and transparency for the agencies would be easier with the blockchain deployment. 

What would happen now? more and more companies going blockchain means the privacy is dead unless the blolckchains allow the encryption of personal data.Credit ratings for companies, personal accounts and also the trusts would be on the chain which is good for the agencies to bleed the data out. But in the grand scheme this would also be issue with the data public issue. 

You can check out the news here. 

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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