Former Credit Agency Staffers kind Korean Blockchain Rating Firm


Korea Blockchain analysis, a corporation that problems ratings on blockchain comes, began operations on Sept. 25, per a report from the Cheongnyeon Ilbo and different native media.

The company believes that investors are injured by the dearth of data on blockchain comes and weak rules. It side that skilled, arms-length analysis victimization objective criteria are required to correct the spatial property that exists within the market.

According to the press reports, Korean Peninsula Blockchain Valuation executives antecedently worked at Nice Credit data Service, a Korean rating agency tracing its origins back to 1986. the corporate conjointly has AN informatory committee with security and blockchain specialists.

Ratings from the new firm are multi-tiered. A technology rating is issued, starting from T1 to T10, with the lower range being higher. A business rating is additionally revealed, starting from B1 to B10. From those, a final rating is acquired, starting from aortic aneurysm to D. Ratings are maintained for 2 years.

A wide vary of fabric is reviewed by the corporate. It examines a project’s white book, the profile of the project team, technical analysis knowledge, three-year performance, the most recent monthly financials and also the material possession structure.

Korea Blockchain analysis conjointly considers in its ratings the competitive landscape, the fight of the project being reviewed and also the state of the market.

In addition to asserting its formation, the corporate conjointly issued its 1st rating.

The project examined was Charzin, that provides blockchain solutions for the electrical vehicle charging market. Korean Peninsula Blockchain analysis gave the project a B4 business rating and a T5 technology rating. the ultimate rating was pellet.

In its review, Korean Peninsula Blockchain analysis noted variety of positives. It aforesaid the corporate benefited from the present electrical vehicle charging infrastructure, whereas its model are often utilised in different e-mobility markets, like the e-scooter market. The technology was seen as being clear, secure and ascendible.

Korean Blockchain analysis hopes to expand into variety of areas, as well as fintech, education and energy.