While R3 CEV blockchain consortium attracts new members, Overstock.com’s CEO Patrick Byrne warns that the initiative can stifle innovation.
Getting an approval from the SEC is a part of a large cryptofinance initiative of Overstock called Medici.
The new platform tØ promises to change financial market by enabling instantaneous transactions.
Overstock works together with PRO Securities to present new blockchain-related technology.
Patrick Bryne, well-known bitcoin supporter, will start working for the presidential campaign of Senator Rand Paul.
Major online retailer Overstock is planning to issue new kind of securities that will be developed with the use of technology behind cryptocurrencies.
Overstock.com plans to develop cryptosecurities stock exchange that will allow retailers to issue their corporate stock over the internet.