Second Moody’s Investors Report Still Upbeat on Blockchain

Blockchain, FinTech, Investing, News | October 26, 2017 By:

Moody’s Investors Service has issued a report that indicates blockchain technology will be a long-term threat to the payments industry, but that its widespread use is still distant

Analyst Stephen Sohn led a team on the report, “Consumer Digital Payments – US,” that spelled out the possible inroads blockchain could make in technology.  It is the second such Moody’s report, following an April paper that talked about blockchain’s possible applications and benefits beyond bitcoin.

Overall, both Moody’s reports were upbeat on the potential transformative applications of blockchain.