"We've reached the point where anyone now has the ability to issue an asset on Ripple or Nxt or Counterparty, and as you can imagine, there is a wide variation in the asset quality," said
"With next-generation platforms like Ripple, we are beginning to see all manner of financial products, including fiat currencies, equity and debt instruments, become trade-able on these networks. To the extent that third parties external to those networks are responsible for delivering against those assets, it is imperative to understand the associated risks," said
While Bitcoin was the breakthrough technology that simultaneously conquered counterparty and counterfeiting risks, cryptographers and engineers are now beginning to explore how cryptocurrency technology can be further applied to bring efficiency and decentralization to other parts of the financial system. Platforms like Ripple offer a decentralized exchange through which to transmit and trade these financial products.
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Coinist is a rating service for financial products traded on cryptocurrency networks. Looking to the future when anyone anywhere will be able to issue digital assets, Coinist is aiming to bring clarity to the risks of holding those different assets through a combination of algorithmic and qualitative scoring. For more information, please visit http://www.coinist.co.
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