NEW YORK, August 27, 2018 /PRNewswire/ --
According to a report published by Netscribes Inc., the blockchain market is projected to grow at a compound annual growth
rate of 42.8% and reach USD 13.96 Billion by 2022. The blockchain technology has been increasingly
used in the financial sector, healthcare sector, supply chain management, energy, media, retail and informatics. The Banking
Financial Services and Insurance (BFSI) segment dominates the market as the blockchain technology help secure payments, maintain
customer identities and settle cross-border payments. The North American region held the largest shares in the blockchain market
and is expected to dominate the market during the forecast years. Victory Square Technologies Inc. (OTC: VSQTF), Seven Stars
Cloud Inc. (NASDAQ: SSC), HIVE Blockchain Technologies Ltd. (OTC: HVBTF), Overstock.com Inc. (NASDAQ: OSTK), Appian Corporation
(NASDAQ: APPN)
Recently, the World Bank announced that bond-i, the world's first global blockchain bond, raised USD
110 Million. Arunma Oteh, World Bank Treasurer, said: "I am delighted that this pioneer bond transaction using the
distributed ledger technology, bond-i, was extremely well received by investors. We are particularly impressed with the breadth
of interest from official institutions, fund managers, government institutions, and banks. We were no doubt successful in moving
from concept to reality because these high-quality investors understood the value of leveraging technology for innovation in
capital markets."
Victory Square Technologies Inc. (OTCQX: VSQTF) also listed on the Canadian Securities Exchange under the ticker
(CSE: VST). Earlier last week, the Company announced, "A dynamic new technology and promotional partnership between its
portfolio company FansUnite Entertainment Inc. ("FansUnite") and the Leicester City Football Club, the 2016 English Premier
League Champions.
The partnership will introduce the FansUnite brand to Leicester City FC supporters through targeted promotions and co-branded
activations both in and outside the stadium."
"Leicester City FC is a truly special story and a premier global sports brand," said FansUnite CEO, Darius Eghdami. "Not only are The Foxes one of just six clubs to hoist the Premier League Trophy since its
inception in 1992, they are at the forefront of innovation, incorporating new technology to help improve player performance and
fan engagement."
Eghdami added: 'Partnering with a globally-recognized brand such as Leicester City that
shares our commitment to improving conditions for sports fans through the application of new technology was a natural fit and a
win-win for both companies.'
FansUnite (http://www.fansunite.com), a blockchain protocol on target to disrupt and revolutionize the sports betting and
sports data markets, is pioneering a tamper-proof and transparent global store for sports data. The FansUnite model will have
far-reaching implications in a world that is increasingly conscious of data rights and sports integrity. Sports betting, daily
fantasy and betting exchanges will be built atop the FansUnite Protocol.
"FansUnite has set their sights on powerfully transforming the entire sports betting and sports data marketplaces with their
proprietary blockchain protocol and we couldn't be happier to welcome Leicester City to the
Victory Square family," said Shafin Diamond Tejani, CEO of Victory Square. "The global reach and
influence of The Foxes will expose FansUnite to millions of sports fans around the world. It serves as a great validation of
their continued growth and success."
The FansUnite sports betting protocol will launch before the end of 2018. It will allow operators and government-run wagering
sites around the world to offer bettors lower fees and increased payback percentages directly to the waging public.
"We take the saying 'Better for Bettors' seriously," said FansUnite CEO Eghdami. "FansUnite truly is 'Better for
Bettors.'"
In addition to the sportsbook offering, the FansUnite Protocol serves as the blockchain-based infrastructure for sports data
applications, daily fantasy sports and a variety of other applications reliant on receiving secured sports data. Following their
Series A financing of CAD 4.45 Million, FansUnite has been developing the protocol in preparation
for their regulatory-compliant token launch later this calendar year."
Seven Stars Cloud Inc. (NASDAQ: SSC) is a global fintech and asset digitization services company focused on digital
asset production and distribution. Recently, the Company announced a ground-breaking, three-year, exclusive USD 24 Billion deal with National Transportation Capacity Co Ltd (NTS) to issue fixed income lease
financing-based products, through a global strategic alliance network which operates in a regulatory compliant manner, for
large-scale electric bus upgrades, as part of the Chinese government's regulations for all buses to be replaced with electric
buses by 2021 (within the next three years). The deal includes lease financing-based fixed income products, through SSC's
blockchain ecosystem, to support large-scale upgrading of electric buses within China.
HIVE Blockchain Technologies Ltd. (OTC: HVBTF) is a growth-oriented, TSX.V-listed company building a bridge from the
blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd. to build the next
generation of blockchain infrastructure. Recently, the Company announced it will launch 200 Petahashes of cloud-based SHA-256
mining power in September 2018. The Cloud Mining is an amendment to the terms of HIVE's previous
December 2017 agreement with Genesis Mining Ltd. to add 200 PHs of SHA-256 capacity in Sweden. Under the revised agreement, 200 PHs will be provided pursuant to a cloud hosting arrangement until
delivery of the mining rigs occurs within the next twelve months. The amendment allows for lower operating costs than was
previously expected of taking delivery of the miners in Sweden and gives HIVE flexibility to
install the future delivery of the mining rigs in an advantageous region, which is anticipated to be in a facility in
North America. As previously announced, production is expected to commence on September 30th, 2018.
Overstock.com Inc. (NASDAQ: OSTK) earlier this month announced that its blockchain-meets-property rights subsidiary,
Medici Land Governance, has signed an agreement with the World Bank to support the design, implementation, and evaluation of
pilot programs that will create systems to ensure secure land tenure. Recent advances in technology, including increased mobile
internet penetration and distributed ledger technology, can secure property rights at scale in ways unimaginable even a decade
ago. To unleash this potential, Medici Land Governance will collaborate with the World Bank to conduct national-level pilots that
will address both regulatory and technological innovation. The World Bank will also oversee careful evaluation of the pilots to
assess their social and economic impacts. Medici Land Governance (MLG) was founded in 2018 and is the 14th portfolio company
incubated by Overstock's blockchain technology accelerator Medici Ventures. MLG's mission is to help individuals around the world
connect with the global economy by using blockchain and other technologies to help record rightful ownership of property.
Appian Corporation (NASDAQ: APPN) provides a leading low-code software development platform that enables organizations to
rapidly develop powerful and unique applications. The applications created on Appian's platform help companies drive digital
transformation and competitive differentiation. Recently, Luxoft Holding Inc., a global IT service provider, announced it has
built a blockchain adapter for Appian's rapid application development platform. It is now available exclusively to businesses
using Appian's Business Process Management (BPM) tool and will allow its users to integrate a blockchain network into their
day-to-day business processes, creating a secure, digital environment that facilitates data sharing. Luxoft built the Adapter on
Appian's Platform, as it's used extensively across a variety of industries, from financial services to healthcare, in areas such
as providing data management, medical management and clinical trials. The move is part of a push to commercialize Distributed
Ledger Technologies and accelerate its deployment in established business processes.
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