European Clearing System Euroclear will promote blockchain commercial paper pilot

According to Reuters, Euroclear, the European securities settlement agency, said today that it will continue to advance the blockchain program and establish a blockchain-based pilot platform for issuing and clearing commercial paper transactions used by companies to lubricate economic wheels. Euroclear said it has completed a “value proving” study for the end-to-end blockchain platform with the European Investment Bank, Santander Bank and Ernst & Young. Given the success of the program, the agency intends to enter the pilot phase soon.