HENDERSON, NV / ACCESSWIRE / August 16, 2016 / MarilynJean Interactive (OTCQB: MJMI) continues to receive positive feedback from
the investment community on its focus on Blockchain technology, the distributed ledger system that underpins Bitcoin and other
crypto-currencies. The Blockchain is an enormous distributed database that runs across a global network of independent computers
that are not controlled by any government.
Globally recognized audit and professional services firm Deloitte recently published an analysis of the public sector
applications of Blockchain technology. In their report, Deloitte identified numerous sectors where Blockchain technology could be
used to address inefficiencies and provide added reliability and security. Among these were both physical and intellectual asset
ownership records including vehicles, patents and real estate.
Several countries, including Sweden, have begun testing use of the Blockchain ledger and verification system for their national
land title registries. In the United States residential housing market alone, roughly $6 Billion of real estate changes hands every
month. The integrity of the system that records title for all of these transactions is immensely important. In many developing
countries, these systems are incredibly inefficient and open to fraud. Using Blockchain technology, the entire global real estate
system could conceivably be digitized and secured by an independently verified, distributed ledger.
How Blockchain Technology Could Revolutionize the Global Real Estate Market
Property transactions could be handled on a Blockchain in a similar way to how payments between parties are handled using
Bitcoin. However, instead of assuming that each 'coin' is the same, it is possible to associate a unique house or piece of land
with a particular 'colored coin' and exchange it between parties. The entire transaction history of the property could then be
followed through the Blockchain. Using 'smart contracts', a feature of digital currencies like Ethereum, which MJMI is also
focussing on, asset exchange could follow specific instructions encoded as part of the transaction to be executed automatically
once agreed criteria have been met.
Using Blockchain technology could increase the efficiency of transaction processing and reduce, if not eliminate, property
fraud.
Peter Janosi, MJMI's president said: "We continue to receive positive feedback regarding our focus on Blockchain technology and
believe we are positioning the company well to participate in how Blockchain technology will completely alter the way billions of
dollars of assets change hand every day."
About MJMI
MJMI is in the business of providing safe and accessible services for the users of Bitcoin and other crypto-currencies.
Crypto-currencies are a medium of exchange using cryptography to secure transactions and control the creation of new units.
Bitcoin became the first decentralized crypto-currency in 2009. Crypto-currency is produced at a rate which is defined when the
system is created and publicly known. By contrast, in centralized banking and economic systems, such as the Federal Reserve System,
corporate boards or governments control the supply of currency by printing units or demanding additions to digital banking ledgers.
However, neither companies nor governments can produce units of crypto-currency and as such the value of crypto-currencies are
completely based on supply and demand, free from any governmental control. Many people believe crypto-currencies, and in particular
bitcoin, hold the promise of being the most significant advancement in global finance in modern history. The advent of bitcoin
creates a secure, easily accessible and transferable transnational currency that is completely liberated from political
influence.
MJMI is currently exploring partnerships in several verticals within the crypto-currency space, including the multi-billion
dollar remittance market. Management believes that several industries, including both international remittances, the trading of
futures and options contracts as well as online gambling are on the verge of being revolutionized by the use of Bitcoin and the
underlying Blockchain technology to effect transactions.
MarilynJean Media Interactive is among the first publicly traded companies focussed on bitcoin and the crypto-currency space.
The company's trading symbol is MJMI.QB.
Website: www.marilynjean.com Press Contact: investorcommunica@gmail.com
SOURCE: MarilynJean Interactive
