Medici Ventures Bets on Blockchain ID Firm
Utah — Medici Ventures, a wholly-owned branch of Overstock.com, has invested $2 million into Evernym. Evernym is currently creating a platform for identities on the blockchain. Evernym President Steve Havas is ambitious and focused on delivery, stating “Right from the start we’ve made it a rule not to cut corners in terms of ensuring a privacy by design, privacy by default position for our products – ultimately we’re designing applications that we as individuals would be happy to use.”
Evernym is the lastest in a small group of companies vying for a decentralized ID system, Microsoft being the most well known. It’s “Ion” project was announced earlier this year and is designed to work on the Bitcoin network at launch, but is ultimately blockchain agnostic.