By Michael del Castillo,
Newly back from a leave of absence, Overstock CEO Patrick Bryne is already promising big blockchain news ahead.
Addressing a group of investors during a Q2 earnings call today, Byrne spoke about Overstock subsidiary Medici, the division of the online retailer developing the post-trade blockchain project tØ.
Byrne said:
“You’ll see a historic announcement in the weeks ahead. If all goes well, about four-ish weeks from now.”
Elsewhere, Byrne discussed how the company might monetize its blockchain R&D efforts and related investments.
Notably, Byrne said the company is open to all manner of ideas, including licensing its technologies, introducing paid products and even outsourcing its team for use by outside investors.
Also on the call today Byrne reported revenue of $418.5m for Q2 2016, an 8% increase over the same quarter last year.