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GrainChain Announces Equity Purchase From Medici Ventures

Dec 04, 2018 - PR Newswire

PR Newswire

 GrainChain, a suite of software to bring easy and secure payments to farmers, buyers and grain elevators through blockchain, announcedMedici Ventures, the leading blockchain accelerator and subsidiary ofOverstock.com, Inc. (OSTK),has purchased a $2.5 million equity in the company. Medici Ventures has 10 percent ownership in the company, with an option to further its acquisition for an additional 10 percent at a later date.

Established in 2013 by the founders of SiloSys,...