Blockchain Mini-Consortiums, New DApps: What’s Next for Financial Services in 2017
If 2016 was the year of the Blockchain POC, 2017 will be the year of the Blockchain application. In 2016, analyst firms and industry bodies such as the World Economic Forum (WEF) laid out the top use cases to tackle. According to 2017, work from industry leaders like ConsenSys, a custom software consultancy led by Ethereum founder Joe Lubin, indicates that 2017 will be the year of the Blockchain application. In order to accelerate the development of Blockchain applications, ConsenSys joined forces with Synechron, a global digital consulting firm working with financial institutions, to....
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Deloitte, one of the many multi-bln dollar research firms that have expressed optimism towards Blockchain over the past few years, stated in an annual report released in December that banks and financial institutions must form consortiums in order to pursue the implementation and commercialization of Blockchain technology. Eric Piscini, a principal with Deloitte, stated in an interview that the company is focused on the development and establishment of consortiums or collaborative projects that could optimize the implementation phase of Blockchain. There exist numerous conflicts the....
French bank BNP Paribas’ Securities Services, its custody arm, has unveiled a blockchain platform that will enable private companies to lend money to business using mini-bonds in exchange for company shares. In an announcement today, BNP Paribas has announced a new blockchain platform that will enable investors to issue mini-bonds for private company shares, as reported by Financial News. Mini-bonds are effectively a means for individuals or companies to lend money to businesses, directly. Unlike traditional bonds, they must be held until they mature. In other words, they cannot be cashed....
BNP Paribas has revealed its securities services division is working on a blockchain platform that would enable retail investors to lend money to businesses via an instrument known as a mini-bond. According to Financial News, BNP Paribas Securities Services is building a distributed ledger platform that will maintain and record mini-bonds issued through the platform. For the effort, BNP is partnering with French crowdfunding startups Enerflip, Lendosphere and Lumo. The announcement is the latest that finds the French multinational bank exploring how it could use blockchain to better serve....
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....
Decentralized apps are becoming the new norm in the world of blockchain technology. The benefits offered by DApps attract a lot of attention, and it seems as if the future role of this technology in the payment sector is only a matter of time. Also read: Here’s Why Your House is ‘Much More Valuable’ on the Blockchain What makes DApps so appealing to....