Moody's blockchain blind spot | Finance times

One -hour of the 100 largest listed companies in the world after market capitalization have "blockchain in their business model", the rating agency Moody’s exclaimed last week. A (very) quick check of the relevant data suggests that the number is a bit exaggerated.

according to Moody’s:

Many companies test and take over blockchain technology solutions for their business. For example, financial institutions develop blockchain infrastructures in order to transfer funds between subsidiaries at lower costs, higher speed and lower overhead in order to pursue the money inflow using an electronic distributed main register. Manufacturing companies use blockchain to improve the traceability of goods and raw materials across the entire supply chain.

until September 2021, 81 of the 100 largest listed companies had included blockchain in their business model. . .

It is unclear whether the analysts of Moody’s have read the press release from which the number was taken completely down: the further you scroll, the more watering down the claim.

The data comes from the blockchain analysis company Blockdata (slogan: "Accelerating. Blockchain. Adoption"). First, the list of 81 companies "companies that are in a research phase, which means that they explore opportunities and decide which technologies they could use for their blockchain initiatives".

"If we take out the research phase", the article continues, "let's stab that there are still impressive 65 companies that actively develop blockchain solutions."

The claim is further watered down in a separate contribution. It turns out that only 44 of the top 100 companies "actively pursue blockchain strategies" last year.

Only five of these 44 companies are "financial companies". Apart from the tortured English, Moody’s's claim is that "we witnesses the rapid introduction of financial institutions that develop a blockchain infrastructure to increase the speed and efficiency of money transfers" simply non-durable