“It’s not a stretch to say the whole financial industry revolves around the compass point of the absolutely safe AAA rating. But the financial crisis happened because AAA ratings stopped being something that had to be earned and turned into something that could be paid for.”
~ Matt Taibbi, American AuthorCentralized, Corrupt Risk Analysis Hurts Investors
The Bitquence platform will decentralize the risk and quality analysis process making the new economy more accessible and fair to all. Whenever a centralized authority has the ability to manipulate ratings they must either have absolutely not conflict of interest or they will eventually become corrupt. One of the primary factors behind the 2008 Financial Crisis was centralized, corrupt risk ratings agencies giving bad investments good ratings. This allowed many large financial institutions to knowingly pass off toxic assets at high premiums to investors who simply trusted what they believed to be independent risk analysis.