Blockchain-based legal documents startup selected by BNP Paribas accelerator

Rage Review : The immutability of blockchain ledger technology and the automatic execution of blockchain smart contracts bring more convenience and security to document delivery, so it is of great significance in the field of important document delivery such as legal documents. CommonAccord is such a startup company, hoping to create a blockchain network to achieve global legal document delivery. Currently, the company has been included in the BNP Paribas accelerator program, which aims to develop solution models and support the development of startups. And 3% of the companies that applied to join this huge project are from the blockchain field.

Translation: Annie Xu

CommonAccord, a startup that provides legal document services, is one of the startups selected by BNP Paribas' new fintech accelerator, L'Atelier.

CommonAccord aims to establish global standards for the delivery of legal documents, such as contracts, licenses, authorization certificates, etc. It hopes to develop a distributed network of participants, using blockchain, GitHub or email to synchronize files between each other.

CommonAccord believes that blockchain’s smart contracts are particularly important for automating routine functions of document delivery systems, and that blockchain can provide an immutable ledger for law enforcement.

Primavera De Filippi

Primavera De Filippi is an expert in bitcoin law at Harvard's Berkman Center. She developed a parser program that is used by CommonAccord to support peer-to-peer transactions.

BNP Paribas, a French multinational bank, established the accelerator in December to support startups and develop solution models.

There are 142 startups that applied to join the first phase of L'Atelier's program, of which cryptocurrency and blockchain-related startups account for 3%.

Other major applicants include payment startups, anti-fraud and legal services startups, and investment portfolio management companies.