@article{Byström_2019, title={Blockchains, Real-time Accounting, and the Future of Credit Risk Modeling}, volume={4}, url={https://www.ledgerjournal.org/ojs/ledger/article/view/100}, DOI={10.5195/ledger.2019.100}, abstractNote={In this paper I discuss how blockchains potentially could affect the way credit risk is modeled, and how the improved trust and timing associated with blockchain-enabled real-time accounting could improve default prediction. To demonstrate the (quite substantial) effect the change would have on well-known credit risk measures, a simple case-study compares Z-scores and Merton distances to default computed using typical accounting data of today to the same risk measures computed under a hypothetical future blockchain regime.}, journal={Ledger}, author={Byström, Hans}, year={2019}, month={Apr.} }