RE: Crypto/blockchain market19 Jun 2018 11:52
Tick Tock Boom!!! Coming soon, just as soon as Rodger and Jon have done their due diligence on the tremendously exciting opportunities being analysed .....a potential game changing deal could drop at anytime .....Gla Blockheads:-)
5/2/18
Huge deal flow: Blockchain Worldwide looking to build 'proper companies on proper blockchain tech'
The original aim was to engineer a reverse takeover of a telecoms-based business, but Sargent says the change of focus and name to Blockchain Worldwide was almost Hobson’s Choice.
“There was such a huge deal flow in blockchain technology, it was too good to turn down,” he says.
Sargent believes there are very few industries or applications that blockchain does not have the capability to transform.
“Once you put everything on the block you can disintermediate everyone who takes money out of the system.”
In medicine for example, patient booking, medical records, drug dispensing and so on, all can be put on the blockchain.
Estate agents, too, face major disruption as all house and survey information will be freely available on the block.
Blockchain-based stock exchanges
Sargent, though, seems especially keen to see how blockchain changes the way shares and other assets are traded.
Listing any company costs a fortune, he says, but the blockchain has the potential to eliminate that.
A number of deals are being considered, Sargent says, though nothing is imminent.
Something by the end of this calendar year is as much as he will give away, though the size of any potential deal is now much larger than the £3-4mln mentioned in last year’s prospectus.
Sargent seems happy to bide his time. The company raised £1.5mln when it floated last September and with minimal overheads there is no rush, he says.
“The end game is that there will be dozens of companies looking to use blockchain.
“Some will have the wrong management, some the wrong tech, some not enough money and some too much funding.
Biding its time
“We can sit there and hopefully pick the right ones and consolidate the corpses.”
This will be across more than one industry and may involve more than deal, but it all essentially comes back to eliminating the middleman.
Through consolidation and roll-ups, Sargent sees scope to create the definitive blockchain stock exchange, a gaming company, a medical company or even a car dealer.
“Any information that can be coded and digitised can be put on a block.”
The distributed ledger can disintermediate everyone,” he repeats.
“The internet created some of the greatest companies we’ve seen and blockchain is another similar opportunity.”