Overstock investing has recently shifted its gaze, focusing now more deliberately on blockchain technologies that support existing industry. Complimenting it's own Project Medici--the (largely) clandestine equities trading protocol/platform--PeerNova aims to use distributed ledgers for large-scale data management and financial services, not unlike other solutions like Storj or--in particular--Factom, which has announced a number of fascinating partnerships with African governments
US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its second tranche of Series A financing. Formed through a merger between cloud mining contract provider CloudHashing and ASIC hardware designer HighBitcoin in early 2014, Peernova raised $8.6m in funding last December as it sought to accelerate its shift away from mining. In statements, general manager of Overstock's Cryptocurrencies Group Judd Bagley framed Overstock's first investment in a bitcoin industry firm as a vote of confidence in the decentralized ledger-based technologies Peernova is currently building. Bagley told Coin
http://www.coindesk.com/overstock-venture-capital-investment-bitcoin-peernova/
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