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, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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