BNP Paribas Hosts Blockchain Tech Development Event

French banking services group BNP Paribas hosted a development event last month focused on blockchain technology.

Feb 3, 2016 at 5:00 p.m. UTC
Updated Sep 11, 2021 at 12:07 p.m. UTC

French banking services group BNP Paribas hosted a development event last month focused on blockchain technology.

Held in Paris on 21st and 22nd January, the gathering focused on use cases related to trade settlement, smart contracts and supply chain management, among others.

BNP Paribas is one of a growing number of financial institutions worldwide looking to implement and develop the software that underlies bitcoin. The bank took part in the recent funding round for New York blockchain startup Digital Asset Holdings, and is a member of the blockchain consortium organized by R3CEV.

Attendees took to social media to share photos as the event progressed.

— Athitaya (@AthitayaH) January 21, 2016

— Cosmin Dragan (@cosmindragan) January 22, 2016

— Athitaya (@AthitayaH) January 21, 2016

The bank suggested that the event provided an avenue to openly discuss how the technology may impact or alter its existing business models.

Marc Carlos, head of corporate trade and treasury solutions for the bank, said in a statement:

"Our first ‘bizhackathon’ helped us to highlight the opportunities of the blockchain for our flow financing activities and our financial services to corporate treasurers, as well as its potential applications to improve our practices, review and optimise our processes, and reinforce the reliability, traceability and security of our transactions."
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Fireblocks Deploys ‘Web3 Engine’ for Firms Eyeing GameFi, NFTs

The custody and wallet tech provider is looking to expand beyond institutions involved in DeFi to a broader developer community around gaming, social media and entertainment.

The custody and wallet tech provider is looking to expand beyond institutions involved in DeFi to a broader developer community around gaming, social media and entertainment.

2
A16z Addresses Downturn in Inaugural State of Crypto Report

The inaugural report discussed Web 3 trends and why Ethereum remains the dominant blockchain.

The inaugural report discussed Web 3 trends and why Ethereum remains the dominant blockchain.

3
Citi Says Fallout From Terra Collapse Unlikely to Hit Wider Financial System

Recent weakness in bitcoin and equities looks contemporaneous and doesn’t show any lag or lead effect, the bank’s analysts said.

Recent weakness in bitcoin and equities looks contemporaneous and doesn’t show any lag or lead effect, the bank’s analysts said.

4
Coinbase Pares Back Hiring Plans Amid Weak Earnings, Poor Market Condition

The exchange previously planned to hire as many as 2,000 employees earlier this year.

The exchange previously planned to hire as many as 2,000 employees earlier this year.