Blockchain Worldwide is analysing potential acquisitions within the blockchain technology industry. Blockchain is a digital networked database system of ledgers that can record almost any type of data or transaction. The system is continually reconciled and, as information is stored in multiple locations, it is public and easily verifiable. Currently blockchain's mainstream use is as the basis for digital currency, however it has applications across multiple other industries such as data, banking, gaming, and communications. It is within these industries and applications, among others, where the Directors believe the technology has the potential to cause major disruption and that they will focus the Company's resources.
If successful, it is possible additional companies, in the same, or related sectors could be acquired to form a consolidation, or ‘roll-up’ within a particular sector or niche of the market.
More information will be available at the London Stock Exchange.