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Market for Blockchain in 2019?
Jonathan Johnson of Doctors Ventures for Overstock.com recently discussed with Coidesk the objectives of its venture capital fund for next year. He said that the 19 companies in the portfolio are aiming to develop new ideas and methods to execute them. There is also a possibility that Medici will become a public company due to the amount of investments flooding the company and the flagship online retail site.
Johnson added,
"We want our portfolio companies to focus on having their products in production". In addition, "When you have a product, you start opening the creative juices, people start asking" how can we use it "and change the discussion.When it's mainly about technology, people want to talk about the Merkle tree, mining … All that discourse becomes confused and in progress ".
CEO of the company, Steven Hopkins, further added in his own words, that the delivery of the product can move the narrative. He believes it is important to discuss with others about how blockchain applications work, but it is also imperative to show them how "incredible" technology can be launch of blockchain products. Those who purchase the products are already early on the learning curve.
Johnson cited the Voatz champion as an example of an initial success in the company's portfolio. Voatz is a blockchain-based voting application whose pilot has been used in various countries. Of course, despite the praise and the growth it has received, there have also been criticisms of the question. Even with criticism, Medici believes that the results of the application are promising.
Johnson stated,
"Voatz's debut in West Virginia went very well, it was very limited, and I think that the way Voatz and the state got him through the primaries, and then during the general election, was wise. they came to Voatz from the military and said things like: "In the end you were pleased to vote".
Johnson believe that Voatz it can change the trust mechanism in the general elections, leading to greater security and positive public perception.
As for Doctors' attention on Overtock.com, the company appears to have suffered a total net loss of millions of dollars. According to Johnson, there are plans to sell the retail business and focus on blockchain technology. Doctors is also planning to launch tZero, a regulated security token exchange that could improve transparency on Wall Street.
The exchange of the platform could be up and running at the beginning of January.
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