BNP Paribas
From CryptoWiki
Basics
- From Forbes Blockchain 50 (Apr 16, 2019):
"When Rio Tinto sells iron ore to Cargill, the food giant doesn’t pay right away; instead it presents a bank’s letter of credit. BNP Paribas is trying to move letters of credit from paper to a secure distributed ledger. In November 2018 Paribas worked with HSBC Singapore to complete the first fully digitized letter-of-credit transaction. Commodities finance dates back to 4,000 B.C. Sumer, and old-line banks like France’s BNP Paribas dominate. Maintaining a digital edge in this business is a matter of survival. Full profile"
Main Links
- Has said it will use/build on Ethereum, Hyperledger Fabric and Corda
- Is an investor, alongside banks such as Citi, in Digital Asset Holdings
- Part of the banking consortium Komgo
- Member of Hyperledger.
Current employees
Key leader: Jacques Levet, head of transaction banking for Europe, Middle East and Africa
