Note from the Publisher: Most FintekNews readers are well acquainted with Overstock.com, and we must confess we've spent a few (thousand) dollars there over the years. We think it's a great site. Many may - or may not - also be aware that Overstock is heavily invested in digital currency and blockchain research. They have a new head of Medici (their blockchain lab), who is also their chairman, and a former Utah governor candidate. Jonathan Johnson will oversee that division and the t0 efforts (that's a zero, not an O) which is involved in the development of the Short Token, a product that moves stock loans to the blockchain. Overstock is also invested in fintech firms Bitt and PeerNova.
"Bitcoin's most innovative merchant has a new blockchain lead.
E-commerce giant Overstock announced this week that chairman of the board and former candidate for Utah governor Jonathan Johnson will take a role as president of Medici, the division launched in 2014 to explore potential applications for blockchain technology. Johnson will also remain chairman of the board."
Read Full Article at CoinDesk
Overstock & Blockchain
August 3, 2016
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