Bolero: Using blockchain technology to provide a secondary market for crowdfunding

Bolero Crowdfunding is launching their first European blockchain app, where users can attend Bolero’s Inspiration Sessions and then use the app to participate in an investment game where they can invest in startups. This game demonstrates that blockchain can provide more liquidity for private company securities and opens the way for the development of blockchain-based secondary markets where crowdfunded financial instruments can be traded.

Matthew Van Niekerk, Head of Platform Innovation at Bolero, said:

“Blockchain is considered the main technological innovation of Bitcoin. Users can trust this public ledger system stored around the world without having to establish and maintain trust relationships with peers or third-party intermediaries. Blockchain is a major innovation that can construct a new decentralized transaction system.”

Blockchain technology is considered a disruptive technology that will change our lives, organizations and economies. Blockchain technology can make business operations in the digital world faster, cheaper, and require less management and more security than traditional methods.

Bolero Crowdfunding has been creating liquidity for financial instruments and enabling more people to participate in equity crowdfunding through crowdfunding. To achieve this goal, Bolero is working with its information technology partner Kunstmaan.

Blockchain applications create a secondary market for crowdfunding investments.

Koen Schrever, CEO of Bolero Crowdfunding, said:

“Bolero is looking to create an opportunity for investors to exit their startups without an IPO, and blockchain technology is the answer. Retail investors often make small transactions, so user-friendliness and low transaction fees are particularly important. Blockchain technology can speed up the transaction process and reduce costs.”

Koen Schrever

In mid-March, Bolero Crowdfunding launched a blockchain technology application (APP). During its regional promotion, each APP participant will be given a virtual wallet with 1,000 Boleuros. By using this APP, users can use their Boleuro to invest in startups participating in the promotion. At the end of the event, the virtual market value of each startup will be calculated and the final winner of the event will be announced.

If you want to try out the new Boleuro app, go to one of the Inspiration Sessions in Ghent, Antwerp, Leuven or Brussels. First, you can register on the official Bolero crowdfunding website.

The Boleuro APP is based on blockchain technology and can be activated at all Bolero crowdfunding company Inspiration Sessions. Participants need to send their login information to participate in the investment game and invest in the startup of their choice, so as to sponsor the startup to qualify for the national "Startup Summit".

Original article: http://www.the-blockchain.com/2016/03/22/bolero-uses-blockchain-technology-to-provide-secondary-market-for-crowdfunding/
By Richard Kastelein
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/bolero-uses-blockchain-technology-to-provide-secondary-market)