Listen to this articleBelow is our recent interview with Clem Chambers, CEO of Online Blockchain:
Q: Could you provide our readers with a brief introduction to your company?
A: Online Blockchain is a blockchain R&D and innovation company. It’s the only UK company of its kind to be listed on the London Stock Exchange’s Alternative Investment Market (LSE:OBC).
Since 1996, Online Blockchain has been an incubator and developer of internet and information-based technology enterprises. In 2017, it changed its name from On-line Plc to Online Blockchain plc (OBC) to reflect its focus shift to incubating and fostering exciting, decentralised projects. Today OBC provides continuous development and maintenance for an ecosystem of cryptocurrency and blockchain projects and solutions; we are a developer of use cases for blockchain.
Q: Any highlights on your recent announcement?
A: Gibraltar is a well-known fintech hotspot and crypto hub. Expanding our operations to this territory is a strategic move. We’re in a high growth stage and Gibraltar with its progressive regulatory environment and reputation for fostering innovative fintech businesses within the blockchain and cryptocurrency sector is particularly attractive to us. This environment will be a catalyst for accelerated development and is the perfect location for the progression of DeFi protocol Umbria Network, a project we’re co-ordinating, advising and administrating.
As an offshore corporation we’ll benefit from tax-free income, which is obviously a big draw.
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Q: Can you give us more insights into your offering?
A: Online Blockchain has a history of pioneering in technology and boasts an incredible team with a collective century-plus experience in computer software, multimedia and on-line and Internet services development. Non-exec director Bill Louden is ex-president of a GE global consumer business. We all bring a lot to the table. We have access to a huge financial community via stocks, shares and cryptocurrency website ADVFN, which we work very closely with (more about that later).
As a company, we’re focused on innovation in cryptocurrency and decentralised ecosystems via various applications of blockchain, so we incubate cryptocurrency start-ups and develop a broad range of technical projects in the space. Our remit covers gaming, cryptocurrencies for the unbanked as well as a social media cryptocurrency, NFTs, DeFi and more.
You can see some of the many projects we’re involved with on the OBC website, but here’s a little more about our first and most recent projects as Online Blockchain plc.
Back in 2017 we launched PlusOneCoin. It’s a bitcoin-like social media cryptocurrency that enables content providers and platform owners to monetize their social media sites while giving their audience more power to affect the social media content they consume. Owners of PLUS1 (which is listed on a number of exchanges) are able to upvote content on popular finance forums such as ADVFN and iHub. PlusOneCoins can be bought, swapped, given or mined by users just like Bitcoin or other cryptocurrencies.
Umbria Network is a very exciting Decentralised Finance protocol, which is creating low-cost and easy-to-use DeFi applications.
It aims to demystify and simplify DeFi and get people accessing innovative financial services and products as well as earning income on their crypto. Using cutting edge Layer two technology developed by Polygon (formerly Matic), Umbria is developing a suite of popular DeFi features at fractional on-chain cost of many current DeFi platforms with greater transaction speed while maintaining all the cryptographic security provided by Ethereum.
Last week it launched its Layer 2 Decentralised Exchange (DEX) and a staking farm for its native governance token UMBR and the hugely popular MATIC token.
Q: What can we expect from your company in next 6 months? What are your plans?
A: You can expect a lot of development news from Umbria Network. The launch of the DEX was a major milestone and there’ll be many more unique liquidity pools and farms announced soon. Features such as naked-staking, non-custodial asset wrapping, flash-loans and vaults will be coming online. There will also be more work on interoperability as we move to being “chain agnostic.”
We’ll be developing all our projects and will continue to consider new related opportunities in the blockchain, cryptocurrency and DeFi space. You can expect plenty more innovation and bleeding edge tech.
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Q: What is the best thing about your company that people might not know about?
A: Online Blockchain Plc works with and owns a 17.98% stake of ADVFN Plc, which operates stocks, shares and crypto website www.advfn.com; the site has 33.5 million users and a has had a billion page views in the last 12 months. This provides a vast crypto-engaged audience that are very receptive to OBC’s work.
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