Jeffrey Wernick Joins Qtum's Advisory Board

SINGAPORE, Oct. 26, 2017 /PRNewswire/ -- Qtum is excited to announce the addition of veteran investor Jeffrey Wernick to our advisory board. Jeffrey's 40 years of experience include investments in Uber and Airbnb, after which he turned his focus to bank transactions, lending platforms, and the blockchain industry. His advisory role will help guide Qtum's international growth and development strategies.

"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 Jeffrey 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."

Jeffrey began his career trading options and futures while studying at the University of Chicago. He later worked at Salomon Brothers, then became the youngest Senior Officer at the National Bank of Detroit. Jeffrey 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 focus expanded to the sharing economy, biomedical, and blockchain technologies.

"I have always kept myself anonymous, extremely private, and avoided any recognition of my name. However, now I think the work being done in the blockchain ecosystem and, specifically with Qtum, it is vitally important to be building platforms that are decentralized and trust reinforcing; so, I am going all in," Wernick remarked.

Qtum recently announced our network launch, Ignition, our groundbreaking blockchain platform which provides the first decentralized governance protocol and proof-of-stake consensus mechanism for smart contracts. Blockchain industry leaders are increasingly looking to Qtum to solve complex issues of scalability and deliverability for their projects, and Qtum delivers a smart contract platform running on a proof-of-stake consensus for the first time.

"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."

About Qtum: Qtum is a blockchain application platform. At its core, Qtum combines the advantages of the Unspent Transaction Output (UTXO) model, an Account Abstraction Layer allowing for multiple virtual machines, and a proof-of-stake consensus protocol aimed at tackling industry use cases. The Qtum Foundation, headquartered in Singapore, is the decision-making body that drives the project's development. Learn more at qtum.org.

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SOURCE Qtum Foundation