Coinsilium Group Limited Investee Company Update
August 11 2016 - 4:52AM
UK Regulatory
TIDMCOIN
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.
From Factom
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
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 DataYes
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 Coinsilium Group Limited +44 (0) 207 099 0740
Kssis
Peter Shea / Asha Daniel Stewart & Company +44 (0) 207 776 6550
Chotai (Corporate Adviser)
Nick Emerson / Andy SI Capital Limited +44 (0) 1483 413 500
Thacker (Joint Broker)
Jan Skoyles Coinsilium Group Limited janskoyles@coinsilium.com
(Marketing)
END
(END) Dow Jones Newswires
August 11, 2016 05:52 ET (09:52 GMT)