Patrick M. Byrne Keynotes North American Bitcoin Conference with “Blockchain Tech Stack for Civilization,” Updates on Lau...
January 22 2019 - 9:00AM
Dr. Patrick M. Byrne, CEO and founder of Overstock.com, Inc.
(NASDAQ:OSTK), shared his vision of how blockchain technology will
allow for the building of a “tech stack for civilization” in a
keynote speech at the recent North American Bitcoin Conference in
Miami.
Additionally, Byrne, who is also the executive
chairman of tZERO, the global leader in blockchain innovation
for capital markets, discussed the patented technological
architecture of tZERO’s blockchain-based securities
trading platform while commenting on the status and timing of the
platform’s launch.
A full video replay of the speech with visuals is available at
the following link: https://youtu.be/qP8g7eAPUQc
In 2014, Overstock founded Medici Ventures, its
wholly-owned subsidiary focused on applying blockchain technologies
to existing industries to eliminate middlemen, democratize capital,
and rehumanize commerce.
Today, Medici Ventures oversees a global
portfolio of 18 companies building the foundation of a “tech
stack for society” based on trust systems that utilize blockchain
and other related technologies instead of frictional middlemen.
Medici Ventures’ portfolio companies are introducing blockchain
technologies to industries such as capital markets, money and
banking, identity, property, voting, and supply chain.
About Overstock.com
Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Series A
Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B
Preferred (OTCQX:OSTBP) is an online retailer and technology
company based in Salt Lake City, Utah. Its leading e-commerce
website sells a broad range of new products at low prices,
including furniture, décor, rugs, bedding, home improvement, and
more. The online shopping site, which is visited by nearly 40
million customers a month, also features a marketplace providing
customers access to millions of products from third-party sellers.
Overstock was the first major retailer to accept cryptocurrency in
2014, and in the same year founded Medici Ventures, its
wholly-owned subsidiary developing and accelerating blockchain
technologies to democratize capital, eliminate middlemen, and
re-humanize commerce. Overstock regularly posts information about
the company and other related matters on the Newsroom and Investor
Relations pages on its website, Overstock.com.
About tZERO
tZERO Group, Inc. (“tZERO“) is a majority owned subsidiary of
Overstock.com, focusing on the development and commercialization of
financial technology (FinTech) based on cryptographically-secured,
decentralized ledgers – more commonly known as blockchain
technologies. Since its inception, tZERO has pioneered the effort
to bring greater efficiency and transparency to capital markets
through the integration of blockchain technology.
O, Overstock.com, O.com, Club O, Main Street
Revolution, and Worldstock are registered trademarks of
Overstock.com, Inc. O.biz and Space Shift are also
trademarks of Overstock.com, Inc. Other service marks, trademarks
and trade names which may be referred to herein are the
property of their respective owners.
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-Q for the quarter ended September 30, 2018, which
was filed with the SEC on November 9, 2018, and any subsequent
filings with the SEC.
tZERO Group, Inc. is not a registered broker-dealer, funding
portal, investment adviser or investment manager and does not
provide any brokerage services. tZERO takes no part in the
negotiation or execution of secondary market transactions for the
purchase or sale of securities and at no time has possession of
investor funds or securities in connection with such
transactions. Secondary market trades will be executed by PRO
Securities, LLC, a broker-dealer registered with the SEC and a
member of FINRA and SIPC, through the PRO ATS.
Dinosaur Financial Group, LLC, a broker-dealer registered with
the SEC and a member of FINRA, SIPC, MSRB and NFA, will act as the
introducing broker-dealer. More information about PRO
Securities and Dinosaur Financial Group may be found at
www.finra.org.
SOURCE: Overstock.com, Inc.
Media Contact:pr@overstock.com
Investor Contact:ir@overstock.com
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