CryptoUpdated Yesterday

Moody’s and Chainlink test cross-chain credit ratings.

Credit ratings already have publication and governance processes; the question in this pilot was whether their delivery could cross different kinds of blockchains without disturbing those routines. Moody’s and Chainlink used Chainlink’s CCIP on testnets to distribute Moody’s ratings simultaneously across permissioned and permissionless blockchains. The existing processes stayed in place as the cross-chain route was tested. This was a testnet pilot, not a commercial rollout.

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