• Tue, 25 Jun 2019, 04:07 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Tristan Technologies is not new and has nothing on blockchain right now, Mark Karpeles clarifies

Quentin Tyberghien—AFP/Getty Images

Fri, 07 Jun 2019, 06:36 am UTC

Following recent reports that suggested former Mt Gox CEO Mark Karpeles is starting a new blockchain cloud firm Tristan Technologies Co., the entrepreneur has clarified that the company is not working with blockchain technology.

Speaking to The Block, Karpeles said:

“We’re working on new cloud solutions but with absolutely nothing on blockchain right now…This is [just] a technology company. I don’t think it would make sense at this point to work in the blockchain and crypto industry.”

That said, he did not rule out the possibility of working on blockchain technology in the future. Karpeles said:

“We may do things with the blockchain in the future but as of now there are no plans.”

He further explained that the new firm will focus on developing legal-tech solutions such as expediting visa applications. It will also build an “operating system [that] gets rid of the concept of installation and just runs the software.”

Karpeles also clarified that the business is not new, adding that Tristan Technologies has already been around for nearly three years and claimed that it has 500 customers for its cloud services. He said that he couldn’t find work after leaving detainment in the Mt Gox and he quietly registered the new company in Japan and appointed himself CTO.

“It’s not new, we’ve just been underground,” he said. “We didn’t want to be too vocal until after the judgement.”

According to The Block, Nobuyasa Ogata, the lawyer who represented Karpeles in court, is the firm’s CEO and President. In addition to Ogata and Karpeles, the company has two more employees and an unknown number of part-time consultants.

In April, Fortune reported that Karpeles was CTO of London Trust Media (LTM), which he now claimed to be a client of Tristan Technologies. Andrew Lee, co-founder, chairman and chief of lab division at LTM, had told Fortune that Karpelès would be working on the company’s cryptocurrency ventures as well as other products.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $11,375.20 (+3.70%)
  • Ethereum (ETH) $311.77 (+0.58%)
  • XRP (XRP) $0.464000 (+0.30%)
  • Bitcoin Cash (BCH) $473.61 (+0.31%)
  • Litecoin (LTC) $133.22 (-1.56%)
  • Bitcoin (BTC) $11,375.20 (+3.70%)
Jun 21, 2019 (Friday)
10:49
Crypto Technicals: BCH/USD tracks Bitcoin higher, spikes over 7% to hit 2-week highs, bias bullish
10:45
NEM launches NEM Studios to spearhead development of blockchain engine ‘Catapult’
09:47
US wants Swedish crypto scammer extradited, sentenced for fraud
09:10
IOTA, Primority to develop smartphone app to track potentially fatal food allergens using blockchain
09:10
Crypto Technicals: ETH/USD tests 288 (2019 high), momentum with the bulls
09:07
Reserve Bank of Australia highly skeptical of cryptocurrency adoption
07:27
Facebook's digital wallet Calibra may not be available in India: Report
07:17
Energy sector gets its own enterprise-grade blockchain network
06:20
Wanxiang, PlatON collaborate to build blockchain-powered smart city in China
05:49
Paxful-The White Company partnership enables converting bitcoin into prepaid cards
05:49
Crypto Technicals: Bitcoin continues grind higher, edges closer to the crucial $10,000 mark
05:25
Samsung betting on blockchain with new priorities and solutions
05:18
Thales and MGI enter blockchain partnership for safer, more efficient cargo shipping
04:46
LINE's crypto exchange BITBOX adopts Chainalysis AML compliance solution
03:37
Major cryptocurrency exchange KuCoin lists rival Binance Coin, supports Binance Chain projects
03:34
MetLife’s LumenLab pioneers blockchain initiative to automate life insurance claims
03:30
Social currency startup Roll raises $1.7M to bring monetization opportunities for content creators
Jun 20, 2019 (Thursday)
12:29
Video streaming service YouNow files with SEC to distribute Props token
11:53
Crypto Technicals: IOTA exhibits signs of near-term bearishness, close below 21-EMA confirms weakness
10:46
Crypto Technicals: Monero hits new 7-month highs above 108 handle, close above 55W EMA to see bullish continuation
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft