On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Blockchain Technology’s Usefulness Promotes Innovation for Wide Range of Industries

CryptoCurrencyWire Editorial Coverage: Though typically associated solely with bitcoin and cryptocurrency, blockchain technology is becoming increasingly important for a wide range of industries – from oil & gas to security and sports betting. As one of the foremost companies on the development front, Victory Square Technologies, Inc. (CSE:VST) (OTC:VSQTF) (FWB:6F6) (VSQTF Profile) invests in and incubates entrepreneurial ventures to take advantage of existing and emerging market opportunities, including the development of blockchain technology in various industry sectors. Other companies involved in blockchain technology development include Marathon Patent Group, Inc. (NASDAQ: MARA), BTCS, Inc. (OTC: BTCS), 360 Blockchain, Inc. (CSE: CODE) and LongFin Corp. (NASDAQ: LFIN).

Blockchain technology was initially developed to facilitate the exchange of cryptocurrencies without the need of a middleman, like a bank, to make a transaction. In this system, every transaction is represented online as a block, which is distributed to a network of computers for approval before being added to the chain to complete the transaction. Blockchain uses cryptography to secure exchanges and provides a digital ledger of transactions that are transparent, reducing the risk of fraud and preventing transactional duplication (http://nnw.fm/oH4Hr).

Victory Square Technologies, Inc.’s (CSE:VST) (OTC:VSQTF) (FWB:6F6) core mission is to fund and empower entrepreneurs who display promise in a variety of fields, including the burgeoning blockchain technology, as part of its goal to promote innovation on a global scale. The company helps entrepreneurs grow internationally by making distribution partners, mentorship networks, creative workspaces and other resources available to them.

Victory Square sees blockchain as the next major platform for innovation, standing out as a technology that has the potential to change the way businesses and a wide array of societies connect with each other. Pivoting from this early-recognized potential, Victory Square began its ascent in blockchain based on management’s ability to recognize key investment opportunities with plenty of room to grow.

BTL Group (TSXV: BTL) (OTC: BTLLF), a blockchain solutions driver for multiple industries, became one of Victory Square’s initial noteworthy investment successes when it launched as the first public blockchain tech company into what is now a $250 million enterprise. Adding depth to this investment is the fact that BTL Group co-founder Guy Halford-Thompson sits on Victory Square’s advisory board.

Victory Square is looking to take advantage of another market opportunity in software defined wide area networking (SD-WAN) through its recently announced intent to invest in SD-WAN blockchain company Multapplied Networks, Inc. (“MNI”). Focused on utilizing its proprietary software to establish a global blockchain-enabled networking economy, MNI delivers its technology through a portfolio of global channel partners in North America, Europe, Asia, Africa and Australia, and is on pace to top revenues of $1.2 million in 2017. Revenues for 2018 are projected to exceed CAD$3 million.

Per the LOI (http://nnw.fm/EQ0Ww), Victory Square will acquire a 20-percent stake in MNI, a move representative of the company’s strategic investment model.

“This acquisition exemplifies Victory Square’s mandate to continue investing in companies with game-changing potential that are redefining the industries in which they operate,” Victory Square CEO Shafin Diamond stated in the press release. “We believe in MNI’s vision of a global decentralized Internet and look forward to continuing to find synergies between their networking capabilities and all of our portfolio companies. We are confident that a strategic implementation of blockchain technology into MNI’s platform will allow MNI to build upon its impressive global network of service provider clients.”

MNI is designed exclusively for service providers, and is the only white-label platform enabling them to seamlessly integrate SD-WAN technology into their existing service offerings. The result is lower costs, increased quality of service and enhanced customizability and performance monitoring.

Victory Square sees SD-WAN as a disruptive technology with high potential in enterprise networking, and points to other industry acquisitions, such as Cisco Systems’ $610 million acquisition of Viptela (http://nnw.fm/Fu03F), as evidence of mounting interest in the technology.

Aside from these two key initiatives, Victory Square continues to diversify its portfolio, in terms of blockchain application, and has distinguished itself in the sports betting industry through an investment in wholly owned subsidiary FansUnite Media, Inc., which developed a new social sports betting platform that integrates blockchain technology to help individuals discuss, collaborate and predict the winners of sporting events using free virtual currency.

Building on these strategic investments, Victory Square gaining traction as a market innovator identifying the potential of blockchain to disrupt verticals in which its portfolio of companies operate, including film and gaming, health, FINTECH, virtual reality and artificial intelligence.

“Blockchain is reliable and available, transparent, immutable, irrevocable and digital. It’s a disruptive technology because of the ability to digitize, decentralize, secure and incentivize the validation of transactions,” the company states on its website. “We are using our expertise at company building to identify, incubate, advise and invest in the best blockchain entrepreneurs, launching the new technology market leaders of the future.”

Another company expanding its reach into the world of blockchain is Marathon Patent Group (NASDAQ: MARA), an IP licensing and commercialization company, which acquires and manages IP rights from diverse sources including large and small corporations and universities. The company covers the full life cycle of commercialization from discovering opportunities to performing due diligence, providing capital, managing development, protecting IP, assisting in business plan execution and realizing shareholder value. On Nov. 2, 2017, Marathon announced that it had entered into a definitive purchase agreement to acquire 100 percent ownership of Global Bit Ventures Inc., a digital asset technology company using blockchain protocols to mine cryptocurrencies.

BTCS (OTC: BTCS) is the first pure play publicly traded company focusing on blockchain technologies in the United States. In August 2017, it signed a letter of intent to merge with an Australian company, Blockchain Global Limited, which would give BTCS access to Blockchain Global’s Bitcoin exchange, transaction verification services and its accelerator program that provides fledgling businesses access to blockchain technologies and applications. With the phenomenal surge in bitcoin over the course of 2017, BTCS plans to expand its digital asset portfolio by participating in strategic market purchases, to make initial coin offerings, and to resume transaction verification services.

360 Blockchain (CSE: CODE), a Canadian-based company, invests exclusively in blockchain-based technology by looking for early-stage opportunities in the blockchain and cryptocurrency fields. It accelerates the development and application of both public and private blockchain technologies, including cryptocurrency, smart contracts, decentralized data management and cryptographic security. The company is currently focused on developments in the e-sports, human resources, IoT and consumer loyalty program sectors. On Nov. 8, 2017, 360 Blockchain announced a $100,000 investment in a joint venture with NOS Blockchain Inc. to accelerate the development and implementation of NOS’s existing, advanced blockchain technologies. NOS is a subsidiary of Nerds on Site Inc., which provides cost-effective, leading edge IT solutions to small and medium-sized enterprises.

LongFin (NASDAQ: LFIN) is an alternative finance and technology services company that provides non-banking structured commodity trade Fintech solutions for global markets seeking liquidity. It has a goal of connecting 70 FX and spot exchanges as well as 300 banks through its electronic market-making trade platform. In addition to the structured commodity trade finance market, the company is focused on alternative risk transfer, asset liability funding and carry trade financing and hedging markets.

With the predicted expansion of blockchain technology beyond the financial sector into many other industries, these companies are focused on developing their expertise and are uniquely positioned to form partnerships and joint ventures to maximize their growth potential.

For more information on Victory Square, visit Victory Square Technologies, Inc. (CSE:VST) (OTC:VSQTF) (FWB:6F6)

About CryptoCurrencyWire

CryptoCurrencyWire (CCW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CryptoNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CCW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information converge.

CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://www.cryptocurrencywire.com/disclaimer/

DISCLAIMER: CryptoCurrencyWire (CCW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CCW are solely those of CCW. Readers of this Article and content agree that they cannot and will not seek to hold liable CCW for any investment decisions by their readers or subscribers. CCW is a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CCW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

CCW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.  The forward-looking statements in this release are made as of the date hereof and CCW undertakes no obligation to update such statements.

Share This Page

Archives

Select A Month

Official NewsWire Relationships

Blockchain Futurist Conference Blockchain Life Conference Blockchain Shift Bacelona Blockchain Summit Coinvention CryptoBlockCon EVOLV - evolve.events Finovate The North American Bitcoin Conference The Voice of Blockchain World Crypto Conference

CryptoCurrencyWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 212.994.9818