Coinsilium Group Limited Investee Company Update

 
TIDMCOIN 
 
29 July 2016 
 
                           COINSILIUM GROUP LIMITED? 
 
                         ("Coinsilium" or the "Group") 
 
            FACTOM ANNOUNCES INTEGRATION TO ENABLE SMART CONTRACTS 
 
Coinsilium Group Limited (ISDX:COIN), the ISDX quoted blockchain technology 
investment and development company, is pleased to announce that its investee 
Factom Inc ('Factom') a company in which Coinsilium has a 1.9% equity interest, 
has announced a collaboration with SmartContract.com at the Smart Contracts 
2016 Conference, in Tokyo. 
 
Following the announcement Factom stated that the collaboration with 
SmartContract.com was "to create integration where we can leverage the 
publishing functionality of Factom to enable smart contracts to self-verify 
their conditions have been met. Factom will act as an "Oracle", the trusted 
source of knowledge and the conduit of that knowledge, a new term we are 
calling "Acolyte" ". 
 
Coinsilium CEO Eddy Travia who was with Factom in Tokyo commented: "smart 
contracts are currently one of the most sought-after and exciting applications 
of blockchain technology. There has been a lot of discussion around them this 
year so Coinsilium is delighted that Factom is another of our investees who 
contributes to the development and use of smart contracts'." 
 
The Directors of Coinsilium take responsibility for this announcement. 
 
Notes to Editor 
 
About Factom 
 
Factom builds blockchain technology tools that maintain a permanent, 
time-stamped record of data.  This is used in enterprise software to simplify 
records management, record business processes, and address security, compliance 
and governance issues. Factom's technology has the potential to disrupt the way 
security of data and records is dealt with in the banking, insurance, 
healthcare and pharmaceuticals industries, the telecom industry, and for online 
tangible asset ownership records and transactions. Factom uses its core 
technology on a wide range of applications, including audit systems, medical 
records, supply chain management, voting systems, property titles, legal 
applications, and financial systems. 
 
Factom has sold US$1.2m in software licenses, has over 1,500 software 
purchasers and has established an active developer network building new tools 
to integrate with Factom's technology. Factom is a high profile company in the 
blockchain technology industry, was referred to in October 2015's edition of 
The Economist magazine, and was recently named in the Magister Advisors report 
released in December 2015: Blockchain & Bitcoin in 2016, A Survey of Global 
Leaders. 
 
About SmartContract.com 
 
SmartContract.com has been a leader in blockchain-based application development 
since 2014 and was selected by the World Economic Forum as "The Shift in 
Action" for blockchain technology in late 2015. Based in San Francisco and 
funded by top-tier venture capital firm Data Collective, SmartContract.com's 
team is committed to accelerating the use of smart contracts as a key building 
block for the trustless commerce revolution currently underway. 
 
The company believes that smart contracts which can interact with the external 
world are an essential building block for the trustless commerce revolution 
which is on track to provide the security, trust and transparency needed for 
our global financial system to function as it was meant to. 
 
About Coinsilium Group 
 
Coinsilium is a London-based blockchain technology focused investment and 
development company, supporting early-stage blockchain companies through 
investment, acceleration, development and education. 
 
Coinsilium is the world's first blockchain technology focused company to be 
admitted to trading on an Exchange Regulated Market and has a portfolio of 
interests in blockchain companies and projects.  In addition to pursuing its 
investment strategy Coinsilium is able to offer a suite of services including 
corporate/business advisory, CPD accredited training & education, investment 
solutions, in-house development and other professional services to blockchain/ 
fintech companies and major corporates wanting to learn more about blockchain 
technology and its implications to the way the world transfers value over the 
internet. 
 
For further information please visit http://www.coinsilium.com/ 
 
Or please contact the following: 
 
Eddy Travia / Laurent  Coinsilium Group Limited      [phone] 
Kssis 
 
Peter Shea / Asha      Daniel Stewart & Company      [phone] 
Chotai                 (Corporate Adviser) 
 
Nick Emerson / Andy    SI Capital Limited            [phone] 
Thacker                (Joint Broker) 
 
Jan Skoyles            Coinsilium Group Limited      [e-mail] 
                       (Marketing) 
 
 
 
END 
 

(END) Dow Jones Newswires

July 29, 2016 03:22 ET (07:22 GMT)