Business
Vemanti Group Acquires Blockchain R&D Company
Vemanti Group Acquires Blockchain R&D Company.
About this update from Vemanti Group Inc.
[{"type":"text","content":"\n\n NEWPORT BEACH, Calif, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (OTC PINK:VMNT), a technology-driven holding company, today announced that it has acquired the intellectual property (IP) assets of SmartChain Pte. Ltd. (“SmartChain”) of Singapore (www.smartchainlabs.com), a well-established blockchain R&D company.\n SmartChain offers consulting, development, security assessment, and training services in blockchain and smart contract projects. Its team consists of the best experts in blockchain industry who have been leading and contributing to real-world projects. They have found and reported real exploits in blockchain protocol and smart contracts. SmartChain has completed key projects such as: SmartPool: Decentralized Mining Pools for Cryptocurrencies Using Smart ContractsOyente: An Analysis Tool for Smart ContractsDataCons: A secured platform sharing data securely between mutually-untrusted parties using blockchainsTimeStamp Service: Using blockchains to securely timpstamp data, documents. Its list of clients includes the Ethereum Foundation (www.ethereum.org) and Melonport AG (www.melonport.com). \"We are pleased to add this blockchain asset to our portfolio to further solidify our commitment to the industry. It’s hard enough today just to find blockchain-capable engineers, let alone industry-leading ones. With such an experienced engineering team on our side, we’ll no doubt be able to attract good deal flow and take on any project,\" stated Tan Tran, CEO of Vemanti Group. SmartChain’s core team will stay on as part of the acquisition, with the globally respected blockchain scientist Dr. Loi Luu who holds a PhD in Computer Science from the prestigious National University of Singapore (NUS) as the Company’s new Chief Scientist. Also, as part of the deal, the Company will inherit a proven token-generation code that was used successfully in the ICO launch of the KNC coin (www.kyber.network) which has a market capitalization of over $670M USD at press time and ranked 62nd in the world among the top 100 cryptocurrencies according to CoinMarketCap (https://coinmarketcap.com/currencies/kyber-network/). \"We’re very excited to start the New Year with such a notable achievement. This is our first blockchain-related acquisition in 2018, but certainly not going to be the last...