Overstock.com (OSTK +0.3%) subsidiary Medici Ventures announces another strategic investment in VinX.
The company says Israel-based VinX is developing a blockchain platform to streamline wine futures trading while reducing fraud through secure supply-chain tracking from product provenance.
"Like any economy, the wine industry has difficulty scaling its middlemen-heavy systems in parallel with the growing demands of an increasing global market,” says Overstock.com Patrick Byrne.
Source: Press Release
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