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05:30 06 Jun 2018 In this guest editorial Gaurang Torvekar, co-founder and chief executive of Indorse, a blockchain powered professional network, explains why the major social media companies are now investing in blockchain technologies. Facebook logos in peoples hands A new Facebook team is said to be exploring blockchain technology Facebook is reportedly creating a new team which will work on exploring the potential applications of blockchain technology. According to several news sources, the head of the company�s Messenger app, David Markus, is now going to head a �new internal team at Facebook dedicated to exploring blockchain technology�. Along with him, several Instagram executives will also be joining this team. While this is an unanticipated development, it shouldn�t come as a surprise to the community, considering several banks have been actively exploring blockchain technology over the last few years. Find out more about Ethereum-powered professional network Indorse In order to understand why Facebook is using blockchain, it�s important to understand what exactly is �blockchain�. In short, blockchain is the underlying technology underpinning several cryptocurrencies like Bitcoin and Ethereum, which are being used by millions of people right now and have market capitalisations in billions of dollars. Blockchain can be seen as a distributed ledger, wherein several peers in the network need to come to a consensus before including successive transactions in the ledger. The scalability challenge When blockchain technology started gaining mass adoption a few years ago, the entire premise centered on its ability to take away the power from centralised systems and institutions and give it back to users in a decentralised manner. While there has been a lot of hype surrounding the technology in preceding years, it hasn�t been able to keep up with the hype due to some major problems related to scalability. The fact that major companies like Facebook have started looking in the technology, begs the question � why? One of the main reasons and speculations in the community is that Facebook wants to fix its image after the recent Cambridge Analytica scandal where a lot of users� data was leaked and used in a malicious manner. Apart from that, the concept of crowdfunding through ICOs, or Initial Coin Offerings, has taken the world by storm. Handing power back to the people There are several companies like Steem, Lunyr, as well as Indorse, which are working to create social network applications powered by blockchain technology, in order to give the power back to people. These applications not only let users control their data, but also give them an opportunity to monetise it. This could have been one of the reasons Facebook is looking into the technology. While this move by Facebook will certainly add more validity to the technology a

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more buys coming in could see 100% today /maybe news must be soon

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Biding its time �We can sit there and hopefully pick the rights 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 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.�

Huge deal flow Watch: 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. �One 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.

27 trades 4 sells.. some one is picking thes up cheap..

here come the buys again

Shell specialist Sargent is someone who in old money would have been called a shellmeister. His modus operandi, as he calls it, is to find technology business with good management teams, raise money and reverse them into companies that have little more than a listing. Broadband supplier Satellite Services WorldWide Group PLC (LON:SSAT) , podcast specialist Audioboom Group PLC (LON:BOOM) and streaming group Meloday VR owner EVR Holdings PLC (LON:EVRH) are all companies floated in this way by Sargent and his team. Stapleton Capital was latest cab off the rank when it joined the standard list of the main market last October.

In short, blockchain is the most exciting opportunity that has arisen since the internet, he told Proactive Investors.

Sargent says they've been reviewing a number of exciting blockchain opportunities and reckon the underlying technology has the potential to disrupt many industries around the world.

get your seat bet on.. at some point this is going alot higher and the MM wont be albe to deal with the supply and demand..

this is being held tight... only 39mill shares out there

more for me then..

were is the hard when you need them..

we could hit 10p today.. all buys less two sells

would be nice to see 10p today

all buy today

being paid

only 36mills shares .. or less as people are holding