Global Blockchain Accelerator Medici Ventures Announces Strategic Agreement with Vital Chain
Overstock.com, Inc. (OSTK)
Last overstock.com, inc. earnings: 11/12 08:00 am
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Source: GlobeNewswire
SALT LAKE CITY, March 11, 2020 (GLOBE NEWSWIRE) -- Medici Ventures, the wholly owned blockchain accelerator of Overstock.com, Inc. (NASDAQ:OSTK), has entered into a strategic agreement with Vital Chain, a Cleveland-based startup focused on digitizing birth and death certificates. Under the terms of the agreement, Medici Ventures will provide development and design services to Vital Chain in exchange for a minority equity stake in the company. The current process for creating an initial record of birth or death, ensuring validity, storing records, and issuing regenerated valid certificates is fragmented and inefficient. Vital Chain’s innovative birth and death certificate solution utilizes blockchain technology to reduce reliance on legacy paper-based systems and allows for the digital issuance and management of vital records. The Vital Chain solution will integrate with partners across the vital record ecosystems, including health systems and government entities, helping them to in
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