Unibright to deliver Feasibility Study on the “Usage of the Baseline Pattern” at European Investment Fund
Luxembourg, September 9, 2021 — After a blockchain workshop with European Investment Fund, Unibright was commissioned to deliver a feasibility study on the “Usage of the Baseline Pattern” at the European Investment Fund (EIF).
The study will examine the potential to improve service provision to EIF clients and counterparts, including financial Institutions, small and medium sized enterprises (SMEs) and mandators through the usage of Blockchain and notably the Baseline Pattern.
A robust, transparent and fully auditable process with which to support SME access to EIF-channeled financing where appropriate, is the goal. It is expected that costs and technical barriers could be lowered by covering certain approval and servicing aspects of financial products (accreditation, utilization, draw-downs, etc.) in a user-friendly manner, provided always that applicable requirements are respected.
The particular context of EIF being an EU body, and the proposed usage of decentralized, distributed ledger technology necessitate special requirements from a potential solution, in terms of data privacy, compliance, technical reliability and service quality aspects like cost predictability and performance.
Unibright conducted an internal workshop with EIF representatives and decision makers in March 2021 and has now been commissioned to deliver such a feasibility study. The study will be delivered in 2021 and thereafter presented, along with all supporting information on which it was based, as an open publication on EIF channels.
About EIF: The European Investment Fund (EIF) is part of the European Investment Bank group. Its central mission is to support Europe’s micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments that specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.
About Unibright: Unibright is a team of blockchain specialists, architects, developers and consultants with 20+ years of experience in business processes and integration. Unibright offers Consulting with Unibright Solutions, Low-Code-Integration Tools as part of the Provide Framework, programmable DeFi with Unibright Freequity, and the Universal Business Token UBT. Unibright is engaged in the Baseline Protocol, offers Baseledger as a solution to orchestrate and trust-enhance B2B processes and offers Baseline-as-a-Service through partner Provide.