Overstock.com, Inc. (NASDAQ:OSTK) has announced that its blockchain-meets-property rights subsidiary, Medici Land Governance, has signed its second Memorandum of Understanding (MOU) with an African nation to develop a blockchain-based platform to manage land governance and property rights.
This latest MOU has been signed with the Rwanda Land Management and Use Authority (RLMUA) and the Rwanda Information Society Authority (RISA) to implement Medici Land Governance’s technology to move Rwanda to a paperless, secure, corruption-proof, blockchain-based system of land governance.
Bitsy, a portfolio company of Overstock.com Inc.’s blockchain accelerator Medici Ventures, will launch a beta version of its exchange and wallet service starting Monday.
Pitched as a new app-based platform that creates an easy, secure and user-friendly bridge between bitcoin and the U.S. dollar, Bitsy’s service is focused on giving users direct control over their bitcoin.
Nearly 140 West Virginians living abroad in 29 countries have cast their election ballots in an unprecedented pilot project that involves voting remotely by mobile device, according to state officials.
West Virginia is the first state to run a blockchain-based voting project at such a scale, state officials say. And if adopted more widely, the technology could make it easier to vote and potentially reduce long lines at the polls.
Medici Ventures has announced a strategic investment in a blockchain company called VinX which plans to create a token-based digital wine futures platform based on the Bordeaux futures model. This will allow for the selling and trading of wine futures on a transparent and secure blockchain.
Men and women serving in the military overseas who are also registered to vote in 24 of the state’s 55 counties will, for the first time, have the chance to vote using a mobile voting application called Voatz on their smartphones or tablets.
Barbados Prime Minister Mia Mottley has stepped in to quell a potential standoff between the fintech (financial technology) company Bitt and some commercial banks by announcing a digital currency pilot project.
Bitt utilizes blockchain and distributed ledger technology to facilitate secure peer-to-peer transactions through mobile money across a range of software and mobile applications.
Crypto-friendly online retailer Overstock.com expects to formally begin selling bitcoin through its website in the first half of 2019, the company has revealed.
Such functionality will be offered through Bitsy, a crypto wallet and portfolio company of Medici Ventures, Overstock’s blockhain-focused subsidiary which currently has investments deployed in 18 separate ventures.