Europe’s first financial institution publicly releases blockchain-based application

Baozou Comment : As the first financial institution in Europe, it has released a blockchain-based investment game and can use financial trading tools for crowdfunding in the secondary market. The technology used in blockchain can make transactions more convenient and safe. At the same time, blockchain technology can also be used to encourage everyone to invest in startups, which is also a way of crowdfunding. It is a win-win approach for both startups and investors.

Translation: Nicole

Bolero Crowdfunding launches blockchain-based virtual investment game

Bolero Crowdfunding released the first blockchain application in Europe and participated in the inspiration conference to invest in startups in the startup game. The investment game directly illustrates the possibilities of blockchain to provide liquidity funding for unlisted companies, paving the way for the development of blockchain-based secondary markets, where crowdfunded financial instruments can be traded.

Open secondary market crowdfunding through blockchain apps

Matthew Van Niekerk, Head of Crowdfunding Innovation Platform at Bolero, explained:

“Blockchain is the main technological innovation of the famous cryptocurrency Bitcoin. As a distributed public ledger protected by advanced cryptographic technology, this technology has changed the form of trust that has existed for hundreds of years. In the transaction system, these intermediate centralized institutions provide trust guarantees. The new decentralized transaction system of blockchain is the main innovation.”

As a disruptive technology, blockchain technology will bring changes to our lives, institutions and economy. It will make transactions in the digital world faster and cheaper, and it will be more secure and require less management than traditional methods.

For some time, Bolero Crowdfunding has been investigating the creation of liquid assets through crowdfunding financial instruments, which can reach more customers through equity crowdfunding. To achieve this goal, Bolero is working with communication and technology partner Kunstmaan.

Koen Schrever, CEO Bolero Crowdfunding

Blockchain applications allow the creation of secondary markets for crowdfunding investments. Bolero Crowdfunding CEO Koen Schrever said:

"Bolero Crowdfunding is looking to give investors the opportunity to exit their startups without having to go through an IPO. Blockchain technology is a perfect solution for this problem. Small investors often use crowdfunding for small transactions, and low transaction fees are very important to them. Blockchain facilitates faster transaction processing at low costs."

Europe's first blockchain app encourages crowdfunding of startups

In mid-March, Bolero Crowdfunding launched an app on blockchain technology, where each attendee received a virtual wallet containing 1,000 Boleuros. With the help of the European blockchain app, they could virtually invest in startups. At the end of the funding, the virtual market monetization of each startup was calculated and the winner was announced.

If you want to try out the new Boleuro app go to one of the inspiration sessions in Ghent, Antwerp, Leuven or Brussels.