Blockchain startup Everledger wins €30,000 in BBVA competition

Bitcoin House News September 23 CoinDesk news London Bitcoin blockchain startup Everledger won the joint championship in the European Open Talent Competition hosted by Spanish Bank Bilbao Vizcaya Argentaria ( BBVA ).

The startup, which uses blockchain technology to tackle diamond fraud and theft, won a € 30,000 prize and an invitation to participate in a development project with a multinational bank.

Everledger will face off against previous winners of the DF finals in New York, USA, and Mexico, which are bitcoin and blockchain startups Safello and Vaultoro , respectively .

Everledger ’s win with Origin — a market that links issues and investors in the corporate bond market — comes after bitcoin platform Bitnexo won the Latin American final and Chilean startup Destacame .  

BBVA Private Equity participated in a $ 75 million funding round for Coinbase . BBVA is also one of nine international banking groups participating in R3CEV ’s effort to develop a universal blockchain standard.