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COINSILIUM GROUP LIMITED - Investee Company Update

COINSILIUM GROUP LIMITED - Investee Company Update

COINSILIUM GROUP LIMITED - Investee Company Update

PR Newswire

29 July 2016

COINSILIUM GROUP LIMITED?

(“Coinsilium” or the “Group")

FACTOM ANNOUNCES INTEGRATION TO ENABLE SMART CONTRACTS

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, has announced a collaboration with SmartContract.com at the Smart Contracts 2016 Conference, in Tokyo.  

Following the announcement Factom stated that the collaboration with SmartContract.com was “to create integration where we can leverage the publishing functionality of Factom to enable smart contracts to self-verify their conditions have been met. Factom will act as an “Oracle”, the trusted source of knowledge and the conduit of that knowledge, a new term we are calling “Acolyte” ”.

Coinsilium CEO Eddy Travia who was with Factom in Tokyo commented: “smart contracts are currently one of the most sought-after and exciting applications of blockchain technology. There has been a lot of discussion around them this year so Coinsilium is delighted that Factom is another of our investees who contributes to the development and use of smart contracts'.”

The Directors of Coinsilium take responsibility for this announcement.

Notes to Editor

About Factom

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.

About SmartContract.com

SmartContract.com has been a leader in blockchain-based application development since 2014 and was selected by the World Economic Forum as "The Shift in Action" for blockchain technology in late 2015. Based in San Francisco and funded by top-tier venture capital firm Data Collective, SmartContract.com's team is committed to accelerating the use of smart contracts as a key building block for the trustless commerce revolution currently underway.

The company believes that smart contracts which can interact with the external world are an essential building block for the trustless commerce revolution which is on track to provide the security, trust and transparency needed for our global financial system to function as it was meant to.

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
(Corporate Adviser)
+44 (0) 207 776 6550
Nick Emerson / Andy Thacker SI Capital Limited
(Joint Broker)
+44 (0) 1483 413 500
Jan Skoyles Coinsilium Group Limited (Marketing) [email protected]

Quick facts: Coinsilium

Price: £0.03

Market: NEX
Market Cap: £0.00
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