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blockchain industries inc (BCII) Details

Blockchain Industries, Inc., a merchant bank, focuses on the international blockchain and cryptocurrency sectors. It intends to offer investment management for blockchain-related assets; and blockchain advisory services, including architecting token structure and issuance, crypto-economic design, technology/engineering, consulting, generating whitepapers, software development, and marketing. The company also intends to invest in, partner with, or acquire media streams, news outlets, or other content distribution methods focused on the marketing of blockchain technologies and Digital Asset economies; partner with educational institutions to train blockchain developers; and set up cryptocurrency mining facilities. The company was formerly known as Omni Global Technologies, Inc. and changed its name to Blockchain Industries, Inc. in November 2017. Blockchain Industries, Inc. was founded in 1995 and is based in Santa Monica, California.

blockchain industries inc (BCII) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $145.0K
Principal Financial Officer
Total Annual Compensation: $63.0K
Compensation as of Fiscal Year 2018.
blockchain industries inc
Blockchain Industries, Inc. Announces Resignation of Patrick Moynihan

On April 7, 2019, Mr. Patrick Moynihan informed the Board of Directors of Blockchain Industries, Inc. that he was resigning from the Board, including his membership on all committees of the Board, effective immediately. Mr. Moynihan’s resignation from the Board was not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices and Mr. Moynihan will remain Chief Executive Officer of the Company.

GoChain Partners with Irisafe for Joint Development of Blockchain Identity Management Solutions

GoChain announced that it has partnered with IriSafe, Inc. and Blockchain Industries, Inc. to develop blockchain-based identity management solutions. IriSafe is a Singapore-based joint venture between IriTech, Inc. and Blockchain Industries, Inc. IriTech has provided identity solutions to various governments, including the United Nations, United States, and India, as well private companies throughout the world. With guidance from Blockchain Industries, a publicly traded merchant bank focused on the international blockchain and cryptocurrency sectors, GoChain and IriSafe have entered a binding joint development agreement. GoChain will leverage IriTech's biometrics hardware and software development kits in collaboration with IriSafe to provide the world's first blockchain identity management solutions using ultra-secure, government-tested and certified iris-scanning technology. The solutions will be built on GoChain's best-performing public web3-based network, giving users faster transaction speeds and enterprise-level support that are not available with traditional identity management solutions. IriKey, empowered by IriTech's patented iris recognition algorithm which was proven superior in independent U.S. and India government testing, is the first product to be released by joint venture, IriSafe. IriKey is a breakthrough hardware wallet that utilizes IriTech's technology to lock a seed/key with the user's iris data. The resulting so-called "locked seed" can be stored anywhere most convenient to the user (email, cloud, laptop, smartphone, etc.). In the rare chance hackers gain access to the locked seed, they still cannot retrieve the original seed (and thus the keys) without the live irises of the owner. Other hardware wallets use seed phrases as restore mechanisms that are very inconvenient and still vulnerable to security breaches. IriKey users can easily recover their assets with their locked seed and iris scan, in the event the device is lost, broken or stolen.

Blockchain Industries, Inc. Announces Board Appointments

Blockchain Industries, Inc. announced the appointment of three new members to its board of directors. Richard Kromka, Michael Conn, and Kevin Hu will join the board, effective immediately. Based in Beijing, Richard Kromka is managing director at EC Mergers &Acquisitions, responsible for managing the company's activities in Asia. He was previously a board member of xG Technology, Inc. He was also managing director and a founding partner of Deutsche Bank's Angel Fund LP. Michael Conn is co-founder/former CEO/Director of Ether Capital, President/CIO/Director of BitFinance, founder/Managing Partner of Quail Creek Ventures, and CIO of Corl. Michael was formerly COO of Alliance Bernstein's Alternative Investment Management group where he specialized in hedge funds, private equity, leveraged buy-out, distressed-debt, venture capital and real estate. Kevin Hu is Portfolio Manager and Head of Research at Blockchain Industries. Prior to joining Blockchain Industries, Hu worked at BlackRock's hedge fund solution group where he analyzed start-up hedge funds, complex portfolios, and individual investments. He is a specialist in understanding the value drivers and crypto-economics of tokens. Kromka, Conn, and Hu join existing board members Patrick Moynihan and Max Robbins, rounding out the board of directors to five members.


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