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Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain.
Founded in 2003, GrainChain has developed a blockchain-powered system that enables supply chain parties to track the distribution process of harvests.
Overstock.com, Inc. and its subsidiary tZERO Group, Inc., the global leader in blockchain innovation for capital markets, announced today that Hong Kong-based private equity firm GSR Capital has retained tZERO to develop a smart contract token that will be utilized for an upcoming sale of cobalt.
“People often say that ‘blockchain will change the world with dot-dot-dot.’ Now everybody needs to figure out what ‘dot-dot-dot’ is, and build it.”
That’s how Jonathan Johnson, president of Overstock.com’s Medici Ventures, describes the blockchain-focused venture fund’s goals for 2019.
Medici Ventures announced Tuesday it was purchasing $2.5 million of equity stake in GrainChain, a nearly six-year-old company which develops software tools to aid farmers and purchasers in the grain industry.
Overstock.com, Inc. (NASDAQ:OSTK) has announced that its blockchain-meets-property rights subsidiary, Medici Land Governance, has signed its second Memorandum of Understanding (MOU) with an African nation to develop a blockchain-based platform to manage land governance and property rights.
This latest MOU has been signed with the Rwanda Land Management and Use Authority (RLMUA) and the Rwanda Information Society Authority (RISA) to implement Medici Land Governance’s technology to move Rwanda to a paperless, secure, corruption-proof, blockchain-based system of land governance.
Nearly five years ago, Overstock .com became the first major retailer to accept bitcoin as a form of payment. It now accepts many top cryptocurrencies.
As a member of the senior executive team and board of directors at Overstock.com, Jonathan Johnson had a front-row seat to those decisions.
Bitsy, a portfolio company of Overstock.com Inc.’s blockchain accelerator Medici Ventures, will launch a beta version of its exchange and wallet service starting Monday.
Pitched as a new app-based platform that creates an easy, secure and user-friendly bridge between bitcoin and the U.S. dollar, Bitsy’s service is focused on giving users direct control over their bitcoin.
Nearly 140 West Virginians living abroad in 29 countries have cast their election ballots in an unprecedented pilot project that involves voting remotely by mobile device, according to state officials.
West Virginia is the first state to run a blockchain-based voting project at such a scale, state officials say. And if adopted more widely, the technology could make it easier to vote and potentially reduce long lines at the polls.
IdentityMind, Digital Identities You Can Trust, today announced that it recently secured three top industry awards: 2018 Oracle Innovation Award finalist, Silicon Review’s “50 Best Companies to Watch 2018” and MEDICI Top 21 – RegTech Awards: Americas Winners.