Moody's: Blockchain and artificial intelligence will change financial markets

Odaily Planet Daily News According to a report released by the rating agency Moody's, blockchain technology supporting cryptocurrencies can help issuers of financial instruments such as bonds reduce financing costs in the next five years. The report also showed that while incorporating these technologies into businesses may increase IT costs and require "substantial investments" initially, it may help reduce expenses over time. Moody's said that while artificial intelligence could reduce financial institutions' operating expenses by automating manual tasks, distributed ledger technology could "gradually reduce funding expenses, especially for smaller issuers." (CoinDesk)