Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com


(NASDAQ: $OSTK) News: SettleMint Chosen as Finalist for Dubai #Blockchain Challenge

 

SALT LAKE CITY - May 19, 2017 (Investorideas.com newswire) Medici Ventures' Belgium-based blockchain technology investment, SettleMint, was selected to participate in the inaugural Smart Dubai Office Blockchain Challenge May 29-30 in Dubai. According to the organizers, Smart Dubai Office (SDO) and 1776, the event is designed to identify "game-changing applications of blockchain technology in any industry in support of Dubai's goal to become the first blockchain-powered city by 2020.

As one of twenty finalists, SettleMint will participate in a two-day program that includes a pitch competition to an audience of investors, experts, private and public institutions. First, second and third-place winners will be named, with each receiving prize money ranging from $10K-$20K along with the opportunity to implement their product or service in Dubai.

"We congratulate SettleMint on being chosen as a finalist for the prestigious SDO Blockchain Challenge," said Medici Ventures' President Jonathan Johnson. "As Dubai is showing with its rapid push towards a blockchain infrastructure, this technology has the potential to change the world in a more impactful way than almost any we've seen in our lifetime. Through our strategic investments in leading blockchain technologies like SettleMint, Medici Ventures is well-positioned to become a global leader in the blockchain revolution."

Dubai is focusing on three pillars on which it plans to apply blockchain technologies to achieve the goal of full blockchain integration to the city by 2020; government efficiency, industry creation, and thought leadership. The SDO supports the second pillar, industry creation, with a self-proclaimed goal to "discover the most innovative blockchain startup ideas from around the world."

About Medici Ventures

Launched in 2014, Medici Ventures is a wholly-owned subsidiary of Overstock.com, Inc., (NASDAQ OSTK) created to manage and oversee the company's investments in firms building solutions leveraging and servicing blockchain technologies. Medici Ventures seeks to encourage the adoption of distributed ledgers, and in so doing, precipitate a rebirth of efficiency, security and transparency in financial technology. Medici Ventures has a growing portfolio of groundbreaking new companies and tech businesses, including t0.com, Peernova, Bitt, SettleMint, Factom, and IdentityMind. t0.com, Medici Ventures' majority-owned financial technology company, executed the world's first blockchain-based stock offering in December 2016.

About SettleMint

SettleMint helps organizations take advantage of blockchain and adjacent technologies, whether they are looking to extend existing products to their customers, create efficiency gains, or completely reinvent an existing business model. SettleMint offers their customers ‘Mint', a set of modular middleware solutions that take away many of the complexities of blockchain technology. To demonstrate the versatility of this middleware, SettleMint developed several working applications including document management, a know-your-customer solution, a proxy-voting product and a data marketplace.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Form 10-K for the quarter ended December 31, 2016, which was filed with the SEC on March 3, 2017, and any subsequent filings with the SEC.

Media Contact:

Mark Delcorps
+1 (801) 947-3564
pr@mediciventures.com

Investor Contact:

Mark Harden, Overstock.com, Inc.
+1 (801) 947-5409
ir@overstock.com


Bitcoin, Blockchain and Digital Currency Stocks and ICO's

Like Bitcoin, Blockchain and Digital Currency Stocks? View our Bitcoin, Blockchain and Digital Currency Stocks Directory

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner