MJMI To Offer Blockchain-Based Securities Offering System

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MarilynJean Media Interactive (MJMI) is excited to announce it has begun taking steps toward the use of a system recently approved by the SEC to issue shares via the Bitcoin Blockchain.

The United States Securities and Exchange Commission (SEC) recently approved a plan by online retail giant Overstock.com to issue company stock via the internet. This signals a massive shift in the way financial securities will be distributed and traded in years to come. The SEC approved Overstock’s Form S-3 heralding the beginning of the use of the Blockchain to distribute and track ownership of shares.

MJMI intends to leverage its Bitcoin exchange expertise and use of the Blockchain to potentially conduct a securities offering via the Internet. If approved, the company could conceivably issue shares on behalf of third parties who had also obtained SEC approval.

Peter Janosi, MJMI’s president said:

“We are excited to further expand our operations into Blockchain technology and its myriad uses, specifically within the financial sector. This technology could do for capital markets what the Internet did for consumers.”

MJMI is in the business of providing safe and accessible services for the users of Bitcoin and other crypto-currencies.

 

MJMI is currently exploring partnerships in several verticals within the crypto-currency space, including the multi-billion dollar remittance market. Management believes that several industries, including both international remittances, the trading of futures and options contracts as well as online gambling are on the verge of being revolutionized by the use of Bitcoin to effect transactions.

MarilynJean Media Interactive is among the first publicly traded companies focussed on bitcoin and the crypto-currency space. The company’s trading symbol is MJMI.QB.

The Blockchain is an enormous distributed database that runs across a global network of independent computers that are not controlled by any government. With Bitcoin, this ledger tracks the exchange of digital currency. The Blockchain can also track and independently verify the transfer of other forms of equity, including stocks, bonds and other securities. This technology has the potential to completely change the way equity markets function. It can literally replace the function of a stock exchange.

Crypto-currencies are a medium of exchange using cryptography to secure transactions and control the creation of new units. Bitcoin became the first decentralized crypto-currency in 2009. Crypto-currency is produced at a rate which is defined when the system is created and publicly known. By contrast, in centralized banking and economic systems, such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units or demanding additions to digital banking ledgers. However, neither companies nor governments can produce units of crypto-currency and as such the value of crypto-currencies are completely based on supply and demand, free from any governmental control. Many people believe crypto-currencies, and in particular bitcoin, hold the promise of being the most significant advancement in global finance in modern history. The advent of bitcoin creates a secure, easily accessible and transferable transnational currency that is completely liberated from political influence.

 

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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