IOT Group unveils new chairman for blockchain advisory board

Published at Mar 13, 2018, in Technology

ASX tech small-cap, IOT Group (ASX:IOT), this morning revealed the appointment of Adam Ritchie as chairman of its blockchain advisory board.

Ritchie brings with him strategic networks and strong connections to tech ventures out of Asia, USA, Canada and Europe seeking opportunities in the Australian market and the Asia Pacific region.

He has been recently involved in multiple transactions involving blockchain ventures, listed companies, fintech platforms, and private equity. Ritchie has expansive experience in power and utility engineering, large-scale project execution, and development of disruptive technology and innovation.

His value-adding approach is based on tech analysis and applying an investor mindset across industry verticals, technology stacks, emerging blockchain use cases and digital asset markets.

Ritchie plans to bring a network of seasoned industry professionals to the IOT blockchain advisory board.

This appointment gives IOT sharp leverage to the global blockchain market, which is expected to grow from US$411.5 million in 2017 to US$7,683.7 million by 2022.

However, the size of the market share IOT can secure remains to be seen at this stage, so if considering this stock for your portfolio do your own research and seek professional financial advice.

Internet of Things (IoT) and blockchain technologies — each booming spaces in their own right — are able to provide especially powerful results when leveraged at the same time.

Many forward-thinking companies and industry specialists recognise blockchain as an effective way to bring scalable, decentralised security and trust to IoT devices and applications, which are themselves similarly distributed.

IOT executive director, Sean Neylon, said: “IOT is building its team and operations. This appointment follows the recent addition of RUNA to our drones business.”

“The IOT board wish to expand its IOT offering. Adam will advise IOT to bring further IOT based opportunities and advisors to the IOT Group of companies. I welcome Adam to advise the board in building its IOT business,” Neylon added.

Ritchie said: “I’m excited to be a part of such a forward-thinking team that has the right formula to compete within these emerging technologies and dynamic global markets.”

tags

BLOCKCHAIN

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X