Overstock Spent Over $3 Million on Blockchain Projects in Q3
Overstock spent $3.2m on its Medici blockchain securities initiative in Q3, according to the online retail firm’s latest quarterly results.
E-tailer Overstock.com reported a $3m loss for the third quarter of this year tied to its ongoing work building a blockchain-based stock exchange.
Overstock blockchain president Jonathan Johnson discusses his strategy for the e-commerce giant in his first interview since assuming the new role.
Overstock plans to sell shares of stock on its own transparent blockchain platform, but will it stop the cheating?
Newly back from a leave of absence, Overstock CEO Patrick Bryne is already promising big blockchain developments are forthcoming.
Overstock chairman of the board Jonathan Johnson will now serve as president of Medici, its blockchain technology division.