THELOGICALINDIAN - French bunch banking casework aggregation BNP Paribas is architecture a new blockchain belvedere to acquiesce clandestine companies to affair minibonds shortterm debt instruments issued by clandestine companies to investors
Also read: BNP Paribas Launches First American Blockchain ‘Bizhackathon’
BNP Paribas Announces Newest Initiative
The bank’s aegis arm, BNP Paribas Securities Services, is 
leading the new action at its new agenda lab. Its blockchain will advance a almanac of all mini-bonds issued through the platform, additional all advice apropos buying changes.
Marc Younes, arch of business administration at BNP Paribas Securities Services’ Innovation & Digital Lab, said:
Additionally, the aggregation said blockchain technology will accommodate aegis as able-bodied as acceleration and ability for banking transactions.
Partnership with 3 Companies
For the mini-bonds project, BNP Paribas has partnered with three French renewable activity crowdfunding providers: Lendosphere, Enerfip and Lumo.
Lendosphere launched in December 2014. It is a 
crowdfunding belvedere committed to activity and ecological alteration including renewable energy, annular economy, blooming building, apple-pie mobility, eco-technologies, and acceptable agriculture.
Enerfip launched in abatement 2014. It additionally specializes in renewable activity projects including solar, wind, hydro, biomass 
and abyssal energy.
Created in 2012, Lumo is addition crowdfunding belvedere committed to acknowledging renewable energy. In June, the aggregation partnered with ElectriCChain to bear SolarCoin to investors.
In April, BNP Paribas also partnered with advance belvedere SmartAngels to advance a pilot 
blockchain-based crowdfunding platform, which would acquiesce companies to affair shares. The coffer aims to barrage the belvedere in the additional bisected of 2016, accountable to authoritative approvals.
French Mini-Bond Law
This action follows the French government’s advertisement it would allow clandestine companies to affair mini-bonds on crowdfunding platforms. The rule, which has not accustomed final approval, accurately states that companies can issue mini-bonds on distributed ledgers. In adjustment to barrage as anon as the law is approved, the bank aims to accept its new belvedere accessible by the end of 2016.
What do you anticipate about BNP Paribas’ new mini-bond blockchain platform? Let us apperceive in the comments area below.
Images address of BNP Paribas, SmartAngels, Lendosphere, enerfip, Shutterstock
