Blockchain Based Virtual Investment Game Launched by Bolero Crowdfunding
Bolero Crowdfunding 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 game directly illustrates the possibilities of blockchain in the creation of additional liquidity for securities offered by unlisted companies and opens the way to the development of a blockchain based secondary market, on which crowdfunding financial instruments can be traded.
Opening a Secondary Market for Crowdfunding Via a Blockchain App
“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.”
Blockchain technology is classed as disruptive technology , which will usher in changes to our lives, organisations and economy. It will make doing business in the digital world faster and cheaper, with less administration and more security than traditional methods.
For some time already, Bolero Crowdfunding has been looking into creating liquidity for financial instruments acquired by means of crowdfunding to make equity crowdfunding more accessible to a broader audience. With this aim in mind, Bolero is working together with it’s communication and technology partner Kunstmaan .
The blockchain application enables the creation of a secondary market for crowdfunding investments. “Bolero Crowdfunding is seeking to give investors the chance to exit from a start-up’s share capital without the need for an Initial Public Offering or IPO. Blockchain technology offers the perfect answer to make that happen,’ says Koen Schrever, CEO of […]
