Bolero Uses Blockchain Technology to Provide Secondary Market For Crowdfunding

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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.

“The Blockchain is seen as the main technological innovation of the crypto-currency ‘BitCoin’,” explains Matthew Van Niekerk, head of Platform Innovation for the Bolero Crowdfunding Platform. “Users can trust the system of the public ledger stored worldwide on many different decentralized nodes as opposed to having to establish and maintain trust with the transaction counterparty (another person) or a third-party intermediary (like a bank). The Blockchain as the architecture for a new system of decentralized trustless transactions is the key innovation.”

“Users can trust the system of the public ledger stored worldwide on many different decentralised nodes as opposed to having to establish and maintain trust with the transaction counterparty (another person) or a third-party intermediary (like a bank). The blockchain as the architecture for a new system of decentralised 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 its 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 Bolero Crowdfunding. “A retail investor often performs small transactions in crowdfunding and user-friendliness and low transaction fees are then extremely important. Blockchain facilitates an expedited transaction process at a very low cost.”

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.

If you fancy trying out the brand new Boleuro app, just go to the Inspiration Sessions in Ghent, Antwerp, Leuven or Brussels. You can sign up on the Bolero Crowdfunding website.

The Boleuro app based on Blockchain technology is available from https://app.boleuro.be/ and is activated at each regional Bolero Crowdfunding Inspiration Session, where attendees are sent the login details needed to take part in the Investment Game and invest in the start-up of their choice, thus favouring it with a place at the national ‘Entrepreneurial Summit’.

You can register for Bolero Crowdfunding Inspiration Sessions (either Dutch or French spoken) at https://bolero-crowdfunding.be/nl/inspiratiesessies

Download the white paper on Crowdfunding in Belgium (available in Dutch, French and English) from https://bolero-crowdfunding.be/nl/news-events/news/financial-crowdfunding

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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