Former Credit Agency Staffers Form Korean Blockchain Rating Firm

Former Credit Agency Staffers Form Korean Blockchain Rating Firm

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Korea Blockchain Analysis, an organization that points scores on blockchain initiatives, started operations on Sept. 25, in response to a report from the Cheongnyeon Ilbo and different native media.

The corporate believes that traders are harmed by the lack of knowledge on blockchain initiatives and weak laws. It added that skilled, arms-length evaluation utilizing goal standards are wanted to appropriate the asymmetry that exists available in the market.

In line with the press reviews, Korea Blockchain Valuation executives beforehand labored at Good Credit score Info Service, a Korean score company tracing its origins again to 1986. The corporate additionally has an advisory committee with safety and blockchain specialists.

Rankings from the brand new agency are multi-tiered. A know-how score is issued, starting from T1 to T10, with the decrease quantity being higher. A enterprise score can be revealed, starting from B1 to B10. From these, a last score is arrived at, starting from AAA to D. Rankings are maintained for 2 years.

A variety of fabric is reviewed by the corporate. It examines a undertaking’s white paper, the profile of the undertaking staff, technical analysis information, three-year efficiency, the most recent month-to-month financials and the shareholding construction.

Korea Blockchain Analysis additionally considers in its scores the aggressive panorama, the competitiveness of the undertaking being reviewed and the state of the market.

Along with asserting its formation, the corporate additionally issued its first score.

The undertaking examined was Charzin, which supplies blockchain options for the electrical car charging market. Korea Blockchain Analysis gave the undertaking a B4 enterprise score and a T5 know-how score. The ultimate score was BB.

In its evaluation, Korea Blockchain Analysis famous quite a few positives. It stated the corporate benefited from the present electrical car charging infrastructure, whereas its mannequin might be utilized in different e-mobility markets, such because the e-scooter market. The know-how was seen as being clear, safe and scalable.

Korean Blockchain analysis hopes to broaden into quite a few areas, together with fintech, schooling and vitality.

Korea picture by way of Shutterstock

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