On previous occasions we have exposed how the traditional finance have begun to migrate to the Blockchain. As the World Bank with its platform to unite the world. On this occasion we bring to you a company that looks to be the connector between these two worlds, helping companies and enterprises. We refer to Morningstar Credit Rantings. Before anything else we should know about our focus today, starting that it is not the parent company. MCR is a subsidiary of Morningstar Inc. which is an institution that provides a variety of research services and investment management. Was Joe Mansueto, who founded Morningstar in 1984, whereas CFR appears from 2016. The division occurs because the parent company only works with projects and investments with a ranking of 5 stars. Therefore, MCR works with all the others. It is for this reason that MCR can bet by the small companies based on Blockchain, which it considers may impact in the future.
Contents
Your vision
“We are working very closely with a number of companies oriented to the Blockchain looking to issue debt instruments in a chain of blocks”. Says the director of operations of Morningstar Credit Ratings, Michael Brawer, of 48 years, overseeing the internal strategy of the company. “We’re looking to see how we may also provide reviews of credit, either a credit rating or different types of data and credit analysis credit that accompany those instruments of debt, and we are also looking to provide our services in a chain of blocks”. MCR began its work with Blockchain in June 2018 with the associate director Jim Sinegal. The published a three-part series that explores how companies like Bank of America, Apple and Walmart are using Blockchain. In this he explains how the technology could affect the coverage of the credit rating agencies. Then, in September, Brawer was first approached by a startup Blockchain that sought to do business with, to Figure, located in San Francisco, who wanted to issue loans with mortgage collateral in a chain of blocks.
His career
Morningstar is working on two efforts designed to change the way in which the debt securities are rated on a chain of blocks. The first will be the system of Morningstar to qualify bonds directly in the chain of blocks Ethereum and, finally, in other chains of blocks, through the technology called Oracle. The Oracle we explain in our article “The most outstanding news of Chainlink today.” The second product, Blockchain is also for debt securities, but is that Morningstar put at the disposal of the rating models quantitative that is used internally in the Blockchain. Morningstar and other credit agencies use these models to determine the creditworthiness of debt securities. The inputs and outputs of the model could register in the chain of blocks to the public, making it easy for investors to test the quality of an investment on their own, but still for a fee. “The goal would be to, ultimately, allow investors in a security of debt digital to be able to run a model independent third party and see the results of that model in the chain of blocks,” says Brawer. The following two tabs change content below. I am a student of economics, interested in innovation and technological development, always faithful to that tomorrow will be a better day.