BNP Paribas Blockchain: banks love the distributed ledger

A few days ago BNP Paribas revealed its new project related to the Blockchain: a lab that will study the distributed ledger technology with the goal of building new solutions for data and money management, as well as a tool to help users in case of liquitidity needs.

Previously this year, BNP Paribas announced its interest in the blockchain technology when it started a partnership with SmartAngels, a crowdfunding platform that will help the bank to develop a project to be launched by the end of 2016.

According to the press release published in April, BNP Paribas would develop a ledger for shares in companies through the blockchain.

Also a few months ago BNP confirmed its interest in the blockchain for financial applications and announced that they were working on their own blockchain called Bizhackathon, that aims at finding use cases for the distributed ledger technology in the banking system.

All the central banks worldwide are expressing their own interest in the distributed ledger and digital currencies.

For example, recenlty we talked about the idea of the Central Bank of Canada to create its own digital currency called CadCoin.

Also, another revevant news on banks and cryptocurrency came yesterday when the Dutch Central Bank revealed its tests on the blockchain. 

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