BNP Paribas, a leading multinational bank and financial services company headquartered in Paris, has named the eight startups it had picked to join its fintech accelerator program run by L'Atelier BNP Paribas. The bank has selected blockchain startup CommonAccord in a hope to help grow the team's solution into a "Center for Collaborative Law." CommonAccord is a project of James Hazard and Primavera de Filippi that aims at creating "a global template system of codified legal text" that integrates with smart contracts. According to the CommonAccord website, "the legal code is part of a'distributed data model' for transacting. Each participant has their own files stating their legal relationships and transaction histories with each of their partners. The files are private, under their control, shared and handled exactly as they want."