RE: RNS8 May 2018 08:18
During the period, the Directors identified a number of blockchain technology investment opportunities. Blockchain is a digital networked database system of ledgers that can record almost any type of data or transaction. Currently blockchain's mainstream use is as the basis for digital currency, however it has applications across multiple other industries. It is within these industries that the Directors believe the technology has the potential to cause major disruption and that they will focus the Company's resources. As a result, the Board has decided to change the Company's investment remit to consider acquisitions within the blockchain technology industry. To reflect this, the name of the Company was changed to Blockchain Worldwide plc on 19 January 2018.