BNP Paribas Announces Multiple Blockchain Pilots For Transaction Banking

BNP Paribas Announces Multiple Blockchain Pilots For Transaction Banking

In fact, the collateral management blockchain project has an internal name, and is called Collat’Shaker. This project will improve efficiency in international trade transactions involving commodities. Everyone in the cryptocurrency world is well aware of how BNP Paribas is actively working on blockchain technology. Things have taken an interesting turn, as the financial institution is going into co-development mode. Various clients will be invited to pilot blockchain applications with a focus on transaction banking. An exciting development for distributed ledgers, that much is certain. The....


Related News

BNP Paribas and Bank of Ireland Conducting Blockchain Trials

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....

BNP Paribas Announces New Mini-Bond Blockchain Platform

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 Pilots Real-Time Corporate Payments on the Blockchain for Large Corporate Clients

BNP Paribas, one of the world’s top banks, announced that it has processed real-time payments for two of its longstanding corporate clients, Amcor, a global leader in packaging solutions, and Panini Group, an international leader in collectables and trading cards using blockchain technology. BNP Paribas has successfully processed and cleared payments in various currencies for Panini Group and Amcor between BNP Paribas bank accounts located in Germany, the Netherlands and the United Kingdom. The announcement states that the payments were fully processed and cleared in a few minutes,....

BNP Paribas Confirms Belief in Distributed Ledger Technology For Financial Purposes

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....

Enter the Bitcoin Tech - BNP Paribas

Close to the heels of Societe Generale's job listing for a blockchain and bitcoin developer, another major French bank BNP Paribas has announced its involvement in bitcoin and blockchain technology research. According to a few news sources, the banking giant is looking to add bitcoin to one of its currency funds. In these times, where the banks are forced to innovate and embrace the technology behind bitcoin and digital currencies, this piece of information does not come as a surprise. The bitcoin technology has emerged as a threat to the traditional banking and financial sector mainly due....