Blockchain’s Medici Ventures Appoints Jeremy Smith As CTObr>
Medici Ventures, the blockchain branch of retail giant Overstock, has appointed Jeremy Smith as Chief Technology Officer.
Medici Ventures is a wholly owned subsidiary of Overstock, created to leverage blockchain technology to solve real-world problems with transparent, efficient, and secure solutions. The company’s majority-owned financial technology company, t0.com, executed the world’s first blockchain-based stock offering in December 2016.
Smith, who formerly served as a development manager for Medici Ventures, has over two decades of experience building enterprise software solutions and development teams. He co-founded an insurance data consulting company, Castle Inspection Service (“CIS”), with an emphasis on technologies that help insurance carriers make better underwriting and loss control decisions. Serving as the Vice President of Information Systems, Smith led the technology efforts that scaled the company from a start-up to the point of providing national coverage. CIS was sold to a private equity firm and later to a publicly traded company, EXL Services.
“Medici Ventures and its companies will benefit greatly from the experience Jeremy will bring into his new position,” said Jonathan Johnson, president of Medici Ventures. “His technological background and leadership skills will allow Medici Ventures to continue to bring blockchain-based solutions into production, facilitating the development of a technology stack for civilization.”
“Blockchain technology is significantly impactful and will shift the way real-world problems are solved,” said Smith. “Medici Ventures is using blockchain technology to provide value and reshape ways societies function. I’m pleased to continue to bring products into production to replace inefficient institutions and systems.”