Blockchain Crowdfunding Startup Crowdaura Makes It Into Accenture’s 2016 FinTech Innovation Lab London

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According to a report issued by Accenture, Blockchain technology startup Crowdaura will join 14 other startups to be included in Accenture’s 2016 FinTech Innovation Lab London, which is now in it’s fourth year. They are the only Blockchain startup in the 12-week long mentoring program which is geared to help new fintech startups and entrepreneurs with expertise from executives of financial institutions such as Bank of America, JPMorgan, UBS, Goldman Sachs among others.

Crowdaura plans to use Blockchain technology and a crowdfunding interface to provide a turnkey platform solution for marketing, issuing, trading, settlement and administrating decentralised financial securities. This reduces costs and increases the security and transparency for securities lifecycle management.

In a blog post on Linkedin, Dr. Avtar Sehra, founder and CEO of Crowdaura indicated that Crowdaura was currently working on a private chain setup using open source protocols for niche closed industries, and an open source layer to use public Blockchains, such as Bitcoin or Ethereum, to issue securities and execute Delivery Versus Payment settlement and dividend administration using fiat currency.

Our engineers are also working on a robust (open source) application layer that can utilize a public Blockchain such as Bitcoin (or Ethereum), to issue securities and enable tradability within a particular niche of the financial markets, but more importantly execute DVP (Delivery Versus Payment) settlement and coupon/dividend administration using fiat currency.

This example is just to highlight that we are at an early stage of development in this technology and nothing should be excluded. We are confident that over 2016 as more teams from various backgrounds start working together there will be some clever methods designed and developed to secure current and future Blockchain network deployments, and some of this innovation will come from finding useful applications of PoW or by combining PoW and PoS.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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