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.
Overstock is currently seeking to expand its venture finance investments in blockchain and decentralised ledger-based technology providers. "We’re completely bought into the idea that decentralized ledgers will play a significant role in business going forward," Bagley said, adding that the company believes the technology could disrupt entire business verticals. Bagley cited Medici, the decentralised stock exchange announced by Overstock in 2014, as an example of a project with such ambitious goals. "There’s a huge opportunity to disrupt entire segments of the business ecosystem, particularly in cases where intermediaries introduce substantial frictional and transaction costs," he continued.