Following the return of Patrick Byrne, Bitcoin advocate and Overstock founder and CEO, the company has announced the appointment of a new chief for their blockchain unit. In the press release, Byrne said that all of the company’s bitcoin and blockchain projects will continue to grow and innovate under the new leadership.
Also read: Overstock.com to Take the Bitcoin Blockchain Public in ‘Matter of Weeks’
Byrne Names New Blockchain Unit Chief
Overstock’s chairman of the board, Jonathan Johnson, was named president of Medici, Overstock’s group of blockchain technology and fintech businesses.
According to Overstock’s press release, Byrne said:
“under Johnson’s leadership, Medici’s initiatives, including t0.com, and investments in Bitt.com, PeerNova and IdentityMind, will continue to grow and innovate while differentiating themselves in a competitive and fast-growing marketplace. Johnson will remain in his position as chairman.”
Johnson previously worked as an attorney and the General Counsel and CFO of TenFold. He joined Overstock in September 2002 as the head of its legal department. Since then, he has held various roles at the company, including president for five years, as well as acting CEO.
Johnson recently ran for the Governor of Utah, challenging incumbent Gary Herbert. Byrne, who has been