Science Blockchain, the premier startup development firm investing in blockchain technology companies, announces it is backing Spl.yt, a smart-contract protocol that aims to bring efficiency, security, and transparency to a new, decentralized ecommerce ecosystem. Science Blockchain is supporting the project with access to business development, marketplaces, and marketing support.
Science Inc., which boasts a portfolio of both ecommerce tech companies like Dollar Shave Club and blockchain-based start-ups such as 8Base and SpringRole, is well versed in the ecommerce and blockchain landscape. Science is excited to add its perspective and experience to Spl.yt’s mission that aims to bridge the gap between the two industries.
“We believe that people transacting online deserve a more efficient, transparent, and secure ecommerce system,” explains Spl.yt CEO, Cyrus Taghehchian. “That’s why we’re decentralizing online shopping to empower buyers and vendors with tools to transact without relying on costly intermediaries. Given Science Blockchain’s knowledge, experience, and relationships within the blockchain and ecommerce industries, we felt that working with their incredible team was a perfect match.”
“Ecommerce has long been mired by middlemen who take a cut of each transaction and make their money simply be being connectors,” said Mike Jones, co-founder & CEO of Science Inc. “Spl.yt’s decentralization of ecommerce means better prices for buyers and more reach for sellers. We’re thrilled to combine our blockchain and ecommerce expertise to build this business.”
About Science Blockchain
Science has been helping entrepreneurs build successful businesses for more than six years, during which time it has funded or founded more than 85 companies, and has had $1.3B in aggregate portfolio company exits. Science Blockchain, the first incubator in the world to be funded by its own tokenized compliant securities offering (token: SCI), intends to continue this history of successful company building by helping incredible blockchain entrepreneurs create and scale the software giants of the next century. We do this in three primary ways: 1) incubating promising early stage blockchain ventures, 2) engaging on a very limited and selective basis, with companies looking to take advantage of the possibilities presented by tokenized economies, and 3) investing in compliant private offerings of blockchain businesses. The unique token structure of SCI allows us to distribute 70% of the total tokens that Science Blockchain receives through our incubation and investment strategies directly to the SCI token holders. For more details, please visit https://www.science-inc.com/blockchain.html.
Spl.yt Core Foundation, a Science Blockchain-backed nonprofit operating out of Santa Monica CA, is an open-sourced smart contract-based ecommerce protocol that will support the foundation of a new, more efficient, transparent, and secure ecommerce system. Spl.yt will help buyers and sellers save time and money by removing middlemen functions and services by decentralizing the ecommerce stack. Spl.yt’s top smart contract capabilities include an automated global inventory system, fractional asset ownership and management, inter-marketplace reputation tracking, fair dispute resolution system, and automated affiliate marketing rewards. All of these features are powered by the blockchain, assuring anyone who buys or sells things online that they will have the most fair and efficient ecommerce experience possible. For more details, please visit https://www.spl.yt/.
Disclaimer: This press release does not constitute an offer to sell or the solicitation of an offer to purchase the Science ICO tokens, nor shall there be any offer, solicitation or sale of the Science ICO tokens in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Science ICO tokens have not and will not be registered under the Securities Act or other applicable state securities laws, and may not be offered or sold in the US absent registration or pursuant to an exemption from registration requirements of the Securities Act and under applicable state laws.
Science ICO tokens were offered on a limited basis to a maximum of 99 accredited US investors under exemptions from registration with the U.S. Securities and Exchange Commission pursuant to Regulation D, Section 506(c) and Regulation S of the Securities and Exchange Act of 1933, as amended (the “Securities Act”), and the rule promulgated thereunder.
Certain statements, projections or other estimates herein (including estimates of value, returns or performance) are forward-looking statements and are based upon certain assumptions. Other events that were not taken into account may occur and may significantly affect the analysis. Any assumptions should not be construed to be indicative of the actual events that will occur.
Original Release on PR Web: http://bit.ly/Sciencerelease