Overstock CEO Patrick Byrne Talks Blockchain and Making History With t0
Rob Marvin, 22 December 2016
Blockchain is racking up all kinds of firsts. The distributed immutable ledger now has its own blockchain-as-a-service market, a host of new blockchain startups, coalitions, and open-source projects, and is seeing adoption in countless industries from global banking and finance to the legal cannabis space. The latest first for the buzzy emerging technology comes in digital stock trading.
This month, e-commerce retailer Overstock.com became the first publicly traded company to issue stock on the blockchain, selling 126,565 shares through its t0 subsidiary, the first-ever blockchain-based trading platform for stocks and securities. Overstock has been developing t0 for more than two years to serve as a distributed immutable ledger for capital markets.
