Overstock’s tZERO Wins FINRA Approval to Launch Retail Broker-Dealer Subsidiary

The firm announced Thursday that FINRA approved its application to launch tZERO Markets, a retail broker-dealer subsidiary.

The firm announced Thursday that FINRA approved its application to launch tZERO Markets, a retail broker-dealer subsidiary.

After MIT Find Vulnerabilities, Medici Ventures Defends Blockchain Voting App Voatz

Jonathan Johnson, CEO of Overstock, backs Voatz app amid circulating claims of the app’s security vulnerabilities

Jonathan Johnson, CEO of Overstock, backs Voatz app amid circulating claims of the app’s security vulnerabilities

Overstock’s Crypto Division Invests $2 Million USD in Evernym

Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures. Blockchain-Based Identity Technology Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its digital credential platform, Verity, allows organizations to interact with customers while giving clients control over their data. The technology utilizes blockchain to develop a decentralized ecosystem of digital credentials that is more trustworthy than physical credentials. Overstock’s investment will … Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

Overstock

Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures.

Blockchain-Based Identity Technology

Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its digital credential platform, Verity, allows organizations to interact with customers while giving clients control over their data. The technology utilizes blockchain to develop a decentralized ecosystem of digital credentials that is more trustworthy than physical credentials. Overstock’s investment will …

Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.

tZERO to Offer Public Trading Starting Aug. 12, Expects Up To 50,000 Investors

tZERO’s CEO says it will be opening up security trading to the public in four days, which is when its lock period ends

tZERO’s CEO says it will be opening up security trading to the public in four days, which is when its lock period ends

Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm

Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain, according to a press release shared with Cointelegraph Dec. 4. Founded in 2003, GrainChain has developed a blockchain-powered system that enables supply chain parties to track the distribution process of harvests. GrainChain’s blockchain-based financial settlement…

Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain, according to a press release shared with Cointelegraph Dec. 4.

Founded in 2003, GrainChain has developed a blockchain-powered system that enables supply chain parties to track the distribution process of harvests. GrainChain’s blockchain-based financial settlement system allows producers, buyers and sellers to create smart contracts in order to secure funds throughout the grain transaction process.

The firm states that their system provides a platform, by which small- and medium-scale farmers can conduct business outside of their immediate geographic area and cut out middlemen.

With the purchase, Medici Ventures now has 10 percent ownership in GrainChain, with the option to further acquire an additional 10 percent. The acquisition will purportedly allow GrainChain to expand its market share in Central and South America.

Blockchain technology has been actively integrated in various agricultural applications. In November, U.S. fast-casual salad chain Sweetgreen announced a second funding round to raise $200 million, mentioning blockchain among its key development areas. The сapital raised will reportedly enable Sweetgreen to focus on technology and supply chain development, with blockchain as the “most viable solution available” to increase transparency in food supply chains.

In October, the world’s four largest agriculture companies, commonly known as ABCD, partnered to digitize international grain trading by using blockchain and artificial intelligence (AI) technologies. The technologies will initially be used to automate grain and oilseed post-trade execution processes, which are a highly manual and costly part of the supply chain.

Also that month, Medici Ventures invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform. VinX plans to develop a token-based digital wine futures platform based on the Bordeaux futures model, that will enable the trade of wine futures on a blockchain platform.