120 blockchain projects being explored by various companies. The bond credit rating business ledra capital bitcoin offers 25 top use cases for blockchain technology.
A prime example is capital markets, where the technology could be used to eliminate the need for reconciling separate ledgers, synchronizing all transactions into one blockchain. The report also states that widespread adoption is still not here. While MIS publishes credit ratings on debt obligations, and the entities that issue them, MA develops a wide range of products and services that support financial analysis and risk management activities. MIS authors thousands of pages of research each year. The firm’s ratings and analysis cover more than 120 countries, approximately 11,000 corporate issuers, 20,000 public finance issuers, and 68,000 structured finance obligations, according to the 2015 annual report. The company reported that Moody’s research website was accessed by over 259,000 individuals including 34,000 client users. MIS has been consistently ranked as the top US credit rating agency.
The list was closed after 84 use cases for blockchains, spread over seven broad categories. Unfortunately, the researchers did not publish their findings. Deutsche Bank has also been looking at blockchain the technology, for more than two years. While the technology has been explored in payments markets the most, Edward Budd, Managing Director of Global Transaction Banking at Deutsche Bank, sees more potential for it in securities. We see more potential for blockchain in the securities world. Our positive view of blockchain’s ability to meet the needs of a large financial ecosystem is tempered by the time aspect. We take a 5-10 year view on true network wide adoption but from what we have seen there will definitely be commercial use cases in a 12-24 month period.
Many institutions have done similar blockchain research, concluding that blockchain technology will initially be applied in capital markets. In the long run, they tend to agree with Ledra’s mega master blockchain list, there may be far more uses outside of finance. Blockchain in Banking: A Measured Approach. The paper listed six financial and thirteen non-financial uses for blockchains. All 19 examples were being attempted by a named company.