The market likes Overstock.com. As proof, despite a $6.5 million loss in Q3, the value of shares of the online retailer has tripled from $17.70 to $53.15 this year.
Some market analysts are saying that overstock could sell off its e-commerce business and instead become a blockchain company.
Recently, several other companies saw a dramatic share price increase with a name change and rebranding to include blockchain in the company name.
So what will it be? Overblock? Block, stock and barrel?
Retail can benefit from blockchain technology
All kidding aside, retail and e-commerce companies can benefit tremendously from using blockchain technology.
Imagine the savings from applying blockchain technology to logistics, shipping, warehousing, deliveries and payments?
Inventory management could get much easier. Tracking deliveries would be a breeze. Product returns would instantly be added back into inventory easily.
What Overstock.com is talking about is becoming a blockchain company if rumors hold true.
Given the potential for blockchain technology and the many ICOs happening daily, Overstock may not be the last company to consider shifting its business strategy in the near future.
You can read more about Overstock below.
Should Overstock Transform Itself Into Blockchain Company?
Overstock may be an online retailer with Blockchain investments, but the market seems to be treating it as a Blockchain company. Should Overstock now start focusing on its Blockchain businesses? Via cointelegraph.com
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