BNP Paribas Launches First American Blockchain ‘Bizhackathon’

Writing onQuintessence, the financial magazine of BNP Paribas, financial securities research analyst Johann Palychata analyzes the possible impact and future implications of the blockchain for securities markets. He believes that Bitcoin is really an innovation and a disruptive open-source technology for the financial world. "Its core is the first successful attempt for a secure and decentralized register," says Palychata. "It should be considered as an invention like the steam or combustion engine. ". BNP Paribas, a French bank headquartered in Paris that was formed through the merger of....

BNP Paribas has been working on blockchain technology for quite some time now, and its efforts went well beyond an in-house development team. Just a few days ago, their very first blockchain Bizhackathon took place, with the sole purpose of finding use cases for distributed ledger technology in the banking world. The BNP Paribas Blockchain Bizhackathon. Even though it is crystal clear for anyone in the world of Bitcoin and blockchain technology to see why distributed ledgers are a powerful tool for the financial sector, coming up with the right uses is a key element in making these efforts....

French multinational financial services company BNP Paribas is building a new blockchain platform to allow private companies to issue mini-bonds — short-term debt instruments issued by private companies to investors. BNP Paribas Announces Newest Initiative. The bank’s custody arm, BNP Paribas Securities Services, is leading the new initiative at its new....

BNP Paribas and the Bank of Ireland have started trial runs for their respective blockchain applications. BNP Paribas has partnered with a crowdfunding platform, Smart Angels for the same. The banking sector is finally making some headway with their exploration of blockchain technology. Soon after UBS and Deutsche Bank made an announcement about the success of their blockchain technology experiment, two more international banks have now come up with their own solutions and testing them out. The French banking firm, BNP Paribas and the Bank of Ireland are the duo who have brought their....

Bitcoin continues to push deeper into mainstream currency trading with BNP Paribas, France's largest bank. The bank is testing bitcoin for one of its currency funds, according to International Business Times UK. A source at BNP Paribas told IBTimes UK the bank has been "beta testing" crypotocurrency with one of the bank's currency funds in Paris and will make an announcement about it shortly. Spokesperson Cites Block Chain Technology. "We are looking at blockchain technology and how it can be applied to post trade processes to make things faster and potentially cheaper but it's all very....