Overstock, one of the most significant e-commerce players in the United Kingdom, has just launched a new research and development (R&D) center for blockchain and machine learning.
The company’s former CEO, Patrick Byrne, was notoriously invested in the world of cryptocurrencies and blockchain technology. Now even after he has left the company, Overstock continues to be increasingly interested in the technology behind cryptocurrencies.
Blockchain and machine learning
The new research center, located in Sligo, Ireland, will aim to boost the e-commerce sector by upgrading and developing blockchain and machine learning technologies.
According to an official company press release, Overstock has poured more than one million euros into the project.
The Sligo tech park has become a favorite…