Bolero Crowdfunding launches first European blockchain application

Announcements | March 25, 2016 By:

Bolero Crowdfunding announced it is launching the first European blockchain application and getting those taking part in their Inspiration Sessions to invest virtually in start-ups in an Investment Game.

“The blockchain is the main technological innovation of the well-known crypto-currency Bitcoin,” explains Matthew Van Niekerk, head of Platform Innovation for the Bolero Crowdfunding Platform. “As a distributed public ledger secured by advanced cryptographic techniques, this technology changes the paradigm of trust that has existed for centuries whereby centralized institutions provide trust in our transactional systems. The blockchain as the architecture for a new system of decentralized trustless transactions is the key innovation.”

Mid-March, Bolero Crowdfunding launched an app that works on blockchain technology at its regional pitch events where each attendee is given a virtual wallet containing 1000 Boleuros. With the help of the first European blockchain app, they can virtually invest their Boleuro in the start-ups pitching at the event. At the end of the pitch round, the virtual market capitalization of each start-up is calculated and the winner of the event is announced.

Bolero Crowdfunding provides Belgian investors with the opportunity to invest in Belgian businesses seeking funding to start, grow or expand their business.