tZero to Present Platform Prototype

According to the CEO of the tZero, they are still waiting for the SEC's feedback regarding the investigation
10 April 2018   479

The company tZero, a subsidiary of the retail giant Overstock, presented the prototype of the upcoming block-trading platform for trading. This is reported by CoinDesk.

Currently, the company is studying th users feedback about the new platform, the full launch of which is expected in May this year.

According to Patrick Bern, CEO of Overstock, this prototype will give users an idea of the scope of what tZero plans to do.

However, tZero CEO Joseph Kammarata noted that the company is still waiting for a response from the Securities and Exchange Commission (SEC), which is currently conducting an investigation regarding the tZero's ICO.

We anticipate the security token trading software will be ready to trade security tokens in May, subject to developing further regulatory clarity. We have been working hard on getting this prototype right and look forward to user feedback.
 

Joseph Kammarata

CEO, tZero

It is worth reminding that during the first day of ICO, tZero raised $100M. Also, SEC started the investigation regarding the tokensale due to possible federal securities law violation.

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Civic to Buy Identity.com Domain

The domain will become a blockchain platform for the exchange of user data
19 July 2018   111

American startup Civic has acquired the domain name identity.com. According to Vinny Lingham, CEO of the company, the domain will become a blockchain platform for the exchange of user data. This is reported by CoinDesk.

The identity.com platform will be a decentralized ecosystem. Thus, companies that own data will request the user's consent to the issuance of information. Blockchain will allow verifying the authenticity of the user's permission. After that, the company will be able to provide information to the data buyer.

Calculation on the platform will be performed in Civic (CVC) tokens. And thanks to smart contracts, payment will occur after the requesting company receives relevant information.

Previously, the domain was a portal for Internet real estate and belonged to the Inflection. Civic bought the domain name after Inflection stopped operating in this area of ​​business.

Vinny Lingham does not disclose the details of the negotiations and the amount of the deal. Nevertheless, he stated that he always considered the identity.com domain an ideal address for the promotion of his blocking project.

According to CEO Civic, this purchase is an important step not only for the company, but also for the development of the Web 3.0 concept.