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Blockchain startup Qtum welcomes veteran investor Jeffrey Wernick to advisory board

Blockchain application platform Qtum today announced that Uber and Airbnb investor Jeffrey Wernick has joined its advisory board.

The veteran investor, with over 40 years of experience, will help guide Qtum’s international growth and development strategies, Qtum said. Wernick has been involved in the crypto space since 2009.

“We’re committed to growing Qtum with guidance from the most experienced minds in technology and finance, and we welcome Jeffrey Wernick as part of this mission,” said Patrick Dai, co-founder at Qtum. “His background in trading, quantitative research, and venture investment gives him unmatched insights.”

Wernick has worked at Salomon Brothers, then became the youngest Senior Officer at the National Bank of Detroit. He then launched a technology-focused venture capital firm and created a hedge fund to invest in distressed and bankrupt companies, helping to restructure their balance sheets. As an angel investor, his focused expanded to the sharing economy, biomedical, and blockchain technologies.

“I meet with many people in the blockchain and cryptocurrency community, and what impressed me about Qtum is the people and their pursuit of intellectual integrity,” said Wernick. “Qtum is committed to decentralization, and their approach to blockchain is more constructive and adaptive than anything else I’ve seen. Qtum is committed to open source where greater privacy is preserved, and greater benefits accrue to everyone participating in the ecosystem.”

Qtum recently announced its network launch, Ignition, a blockchain platform which provides the first decentralized governance protocol and proof-of-stake consensus mechanism for smart contracts. Earlier this year, the startup raised $1 million in seed funding, followed by an ICO in which it attracted $15.6 million.

By Shampa Mani
  • Market Data
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