COINSILIUM GROUP LIMITED - Investee Company Update
COINSILIUM GROUP LIMITED - Investee Company Update
London, August 11
11 August 2016
COINSILIUM GROUP LIMITED
(“Coinsilium” or the “Group")
FACTOM ANNOUNCES COLLABORATION WITH BIG DATA INFORMATION PLATFORM DATAYES
Coinsilium Group Limited (ISDX:COIN), the ISDX quoted blockchain technology investment and development company, is pleased to announce that its investee Factom Inc. (Factom) a company in which Coinsilium has a 1.9% equity interest in, has announced that in collaboration with DataYes they have published the pricing data for the 3,000 most valuable Chinese stocks onto the Factom blockchain.
Factom builds blockchain technology tools that maintain a permanent, time-stamped record of data. This is used in enterprise software to simplify records management, record business processes, and address security, compliance and governance issues.
Following the announcement, David Johnston, Chairman of the Board at Factom stated, “Some of the largest stock markets and the most valuable companies in the world are in China and so we believe it’s important to make their pricing data available to developers on a blockchain.”
Coinsilium CEO Eddy Travia commented, “I am very pleased to see an additional proof of blockchain’s utility and Factom’s competencies in the world of capital markets data records. It is yet another example of Factom’s ability to find the right partners and strike deals in markets abroad.”
The Directors of Coinsilium take responsibility for this announcement.
Factom & DataYes are pleased to announce that together they have published onto the Factom blockchain pricing data for the 3,000 most valuable Chinese stocks. Program developers now have a powerful new tool for connecting their financial applications to the new world of blockchain technology.
This massive dataset of more than 10,000,000 records and growing, offers an amazing way for applications to verify and audit the world’s financial systems with more transparency and confidence than ever before.
“Some of the largest stock markets and the most valuable companies in the world are in China and so we believe it’s important to make their pricing data available to developers on a blockchain.” Said David Johnston, Chairman of the Board at Factom
“Today the exchanges send out the ‘mark to market’ price and we record them in blockchain as a two-step process. As Blockchain technology matures in the future, all transactions will be recorded on the blockchain, and the “mark to market” stock price as we know today will be evolved to ‘mark to blockchain’ naturally in one step.” Continued George Hu, General Manager at DataYes.
Notes to Editor
Factom builds blockchain technology tools that maintain a permanent, time-stamped record of data. This is used in enterprise software to simplify records management, record business processes, and address security, compliance and governance issues. Factom's technology has the potential to disrupt the way security of data and records is dealt with in the banking, insurance, healthcare and pharmaceuticals industries, the telecom industry, and for online tangible asset ownership records and transactions. Factom uses its core technology on a wide range of applications, including audit systems, medical records, supply chain management, voting systems, property titles, legal applications, and financial systems.
Factom has sold US$1.2m in software licenses, has over 1,500 software purchasers and has established an active developer network building new tools to integrate with Factom's technology. Factom is a high profile company in the blockchain technology industry, was referred to in October 2015's edition of The Economist magazine, and was recently named in the Magister Advisors report released in December 2015: Blockchain & Bitcoin in 2016, A Survey of Global Leaders.
DataYes is China’s first open and big data information platform, curating both structured and unstructured data from across the globe covering key economic metrics as well as industry, company, e-commerce, search and social media data. It is a treasure box full of raw materials for artificial intelligence and quantitative investment research. DataYes is China’s leading edge financial technology company founded by a group of experts in the fields of finance and internet technology. It is invested by Wanxiang Group, one of China’s largest non-state-owned conglomerate. DataYes’ headquarter is located in Shanghai Lujiazui Financial and Trade Zone, and has an office in Silicon Valley.
About Coinsilium Group
Coinsilium is a London-based blockchain technology focused investment and development company, supporting early-stage blockchain companies through investment, acceleration, development and education.
Coinsilium is the world's first blockchain technology focused company to be admitted to trading on an Exchange Regulated Market and has a portfolio of interests in blockchain companies and projects. In addition to pursuing its investment strategy Coinsilium is able to offer a suite of services including corporate/business advisory, CPD accredited training & education, investment solutions, in-house development and other professional services to blockchain/fintech companies and major corporates wanting to learn more about blockchain technology and its implications to the way the world transfers value over the internet.
For further information please visit http://www.coinsilium.com/
Or please contact the following:
|Eddy Travia / Laurent Kssis||Coinsilium Group Limited||+44 (0) 207 099 0740|
|Peter Shea / Asha Chotai||Daniel Stewart & Company |
|+44 (0) 207 776 6550|
|Nick Emerson / Andy Thacker||SI Capital Limited |
|+44 (0) 1483 413 500|
|Jan Skoyles||Coinsilium Group Limited (Marketing)||[email protected]|
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