Medici Ventures Appoints New Chief Technology Officer
May 01 2019 - 09:00AM
Medici Ventures, the leading blockchain accelerator and subsidiary
of Overstock.com, Inc. (NASDAQ:OSTK) announces its new
appointment to its executive leadership team. Jeremy Smith, who
formerly served as a development manager for Medici Ventures, has
been named to the role of Chief Technology Officer.
“Medici Ventures and its companies will benefit greatly from the
experience Jeremy will bring into his new position,” said Jonathan
Johnson, president of Medici Ventures. “His technological
background and leadership skills will allow Medici Ventures to
continue to bring blockchain-based solutions into production,
facilitating the development of a technology stack for
civilization.”
“After a long, thorough search, we were pleased to find the best
candidate for Medici Ventures right under our nose,” said Joel
Weight, Medici Ventures Chief Operating Officer. "Jeremy has
provided excellent leadership within the organization over the
course of the past year and I’m confident in his ability to guide
us through our continued growth.”
“Blockchain technology is significantly impactful and will shift
the way real-world problems are solved,” said Jeremy Smith, Medici
Ventures Chief Technology Officer. “Medici Ventures is using
blockchain technology to provide value and reshape ways societies
function. I’m pleased to continue to bring products into production
to replace inefficient institutions and systems.”
Jeremy Smith, Chief Technology Officer
Jeremy Smith has over two decades of experience building
enterprise software solutions and development teams. Mr. Smith
co-founded an insurance data consulting company, Castle Inspection
Service ("CIS"), with an emphasis on technologies that help
insurance carriers make better underwriting and loss control
decisions. Serving as the Vice President of Information Systems,
Mr. Smith led the technology efforts that scaled the company from a
start-up to the point of providing national coverage. CIS was sold
to a private equity firm and later to a publicly traded company,
EXL Services. Mr. Smith joined Medici Ventures in 2018 and focused
on coaching development teams on delivering blockchain-related
software. He has worked with the teams to adopt strong practices in
prioritizing business value and delivering product features to
production.
Earlier in his career, Mr. Smith helped found the University
Venture Fund (“UVF”), the country’s largest university
student-managed venture capital fund. UVF has been featured in the
Wall Street Journal, Forbes, Newsweek, Venture Capital Journal, Dow
Jones Newswire, and the Associated Press.
Mr. Smith has a BS in Economics from the University of Utah.
Medici Ventures was founded in 2014 as a wholly-owned subsidiary
of Overstock.com and today oversees a global network of companies
applying blockchain technology to existing markets. Medici Ventures
is introducing blockchain and other technologies to eliminate
middlemen while democratizing and rehumanizing capital markets,
currency and banking, land and property rights, identity, 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.
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 December 31, 2018, which
was filed with the SEC on March 18, 2019, and any subsequent
filings with the SEC.
SOURCE: Overstock.com, Inc.
Media Contact:pr@overstock.com
Investor Contact:ir@overstock.com
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