Coinsilium Group Limited Investee Company Update

 
TIDMCOIN 
 
11 August 2016 
 
                           COINSILIUM GROUP LIMITED 
 
                         ("Coinsilium" or the "Group") 
 
   FACTOM ANNOUNCES COLLABORATION WITH BIG DATA INFORMATION PLATFORM DATAYES 
 
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 
in,  has announced that in collaboration with DataYes they have published the 
pricing data for the 3,000 most valuable Chinese stocks onto the Factom 
blockchain. 
 
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. 
 
Following the announcement, David Johnston, Chairman of the Board at Factom 
stated, "Some of the largest stock markets and the most valuable companies in 
the world are in China and so we believe it's important to make their pricing 
data available to developers on a blockchain." 
 
Coinsilium CEO Eddy Travia commented, "I am very pleased to see an additional 
proof of blockchain's utility and Factom's competencies in the world of capital 
markets data records. It is yet another example of Factom's ability to find the 
right partners and strike deals in markets abroad." 
 
The Directors of Coinsilium take responsibility for this announcement. 
 
From Factom 
 
Factom & DataYes are pleased to announce that together they have published onto 
the Factom blockchain pricing data for the 3,000 most valuable Chinese stocks. 
Program developers now have a powerful new tool for connecting their financial 
applications to the new world of blockchain technology. 
 
This massive dataset of more than 10,000,000 records and growing, offers an 
amazing way for applications to verify and audit the world's financial systems 
with more transparency and confidence than ever before. 
 
"Some of the largest stock markets and the most valuable companies in the world 
are in China and so we believe it's important to make their pricing data 
available to developers on a blockchain." Said David Johnston, Chairman of the 
Board at Factom 
 
"Today the exchanges send out the 'mark to market' price and we record them in 
blockchain as a two-step process. As Blockchain technology matures in the 
future, all transactions will be recorded on the blockchain, and the "mark to 
market" stock price as we know today will be evolved to 'mark to blockchain' 
naturally in one step." Continued George Hu, General Manager at DataYes. 
 
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 DataYes 
 
DataYes is China's first open and big data information platform, curating both 
structured and unstructured data from across the globe covering key economic 
metrics as well as industry, company, e-commerce, search and social media data. 
It is a treasure box full of raw materials for artificial intelligence and 
quantitative investment research. DataYes is China's leading edge financial 
technology company founded by a group of experts in the fields of finance and 
internet technology. It is invested by Wanxiang Group, one of China's largest 
non-state-owned conglomerate. DataYes' headquarter is located in Shanghai 
Lujiazui Financial and Trade Zone, and has an office in Silicon Valley. 
 
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

August 11, 2016 05:52 ET (09:52 GMT)