HONG KONG--(BUSINESS WIRE)--Blockchain Deposit Insurance Corporation (BDIC), first to market providing decentralized deposit insurance for cryptocurrency wallets and exchanges, proudly announces an appointment to the BDIC Board of Advisors, James R. Owens.
Co-Founder Paul Kohli of BDIC Hong Kong celebrated the news stating, “James will play a critical role in advising BDIC on its technical strategy, specifically in the areas of exchange and wallet connectivity, as well as innovations in smart contract architecture bringing his experience and industry knowledge to the team,” Kohli continued. “This has been a multi-year working relationship that is coming to fruition as part of our go to market strategy which includes bringing high caliber human capital to BDIC to execute on implementation. Having a tech industry leader like James working with the CTO, CISO and tech department going forward is a great advantage for BDIC Insurance.”
GLOBAL TECHNICAL EXPERIENCE
With a career spanning over four decades in software engineering, telecommunications and data science, James R. Owens brings unparalleled technical expertise to BDIC. A dual-discipline graduate in Microbiology and Computer Science from UMASS in 1978 (conferred in 1983) Owens was quickly recruited by Microsoft’s programming division and in 1983, he joined Microsoft as a contracted developer. Owens simultaneously consulted for IBM and other tech giants going forward and has not relented, establishing himself as a versatile force in early computing innovation and visionary to this day.
In 1991, Owens founded Webstar Technology Group, Inc., a company that revolutionized data transmission in the cable television industry by developing COAX software — an early system capable of compressing video and television signals without quality loss, enabling multi-frequency carriage across limited bandwidth infrastructure. His subsidiary, Centaflix, was acquired just 10 months after launch and now forms the backbone of streaming infrastructure used by platforms like Netflix.
Beyond media, Owens made his mark in hospitality tech, deploying check-in systems for Best Western and IHG hotels. In 2014, he launched Softtech, a data compression firm that evolved into early AI development by 2015. Owens successfully took Webstar Technology Group, Inc. public, listing the company under ticker WBSR on OTC markets before transitioning leadership in early 2024.
VISIONARY PERSPECTIVE
Owens will provide strategic technical oversight on BDIC’s decentralized smart contract infrastructure and advise on exchange and wallet integrations for insurance protocols. While his current consulting contracts include work on compression technology in AC/DC electrical systems for sustainable energy and secure architecture design for satellite companies, Owens has also been working on cyber-wallet data transfer protocols the last two years with providers in PanAsia and Latin America.
“BDIC's approach to blockchain insurance infrastructure represents the most advanced application of distributed ledger technology I've seen in the financial sector. Their proprietary risk assessment algorithms combine traditional actuarial science with blockchain-native analytics in a way that creates true innovation,” said Owens. “I'm particularly impressed by how their smart contract architecture solves the oracle problem that has plagued similar projects, creating a seamless claims verification system that maintains both security and efficiency,” stated Owens when asked about the technical build.
DIGITAL CURRENCY ADOPTION: BDIC DEPOSIT INSURANCE
“James is a true pioneer in software systems that scale globally, a major asset to BDIC,” said Founder and CEO Jeffrey A. Glusman. “His deep technical knowledge in both compression and streaming tech, coupled with his foresight in blockchain and AI, align perfectly with our mission to create a safe, global infrastructure for cryptocurrency adoption through the incorporation of the BDIC deposit insurance platform.” Glusman continued, “Following our announcement of 3PointOLabs last month focusing on our brand efforts, it was time to put the spotlight on our technical team as we will be announcing major collaborations in coming weeks.”
Owens' appointment further reinforces BDIC’s vision to normalize cryptocurrency use through decentralized insurance technology that can scale securely with mass adoption. His guidance will be instrumental as BDIC prepares for the next phase of development internationally, including the expansion of its coverage tiers, exchange partnerships, technological advances in wallet security.
"After four decades in technology development, I've learned to recognize transformative platforms when I see them. BDIC's decentralized insurance protocol isn't just filling a gap in the market—it's creating the critical infrastructure layer that cryptocurrency needs to achieve mainstream adoption,” said Owens. “Their wallet integration system maintains security while simplifying the user experience, making insurance accessible to both institutional and retail participants. I'm excited to help BDIC scale this technology globally, as it represents the missing piece that will allow digital assets to fulfill their revolutionary potential."
About BDIC Blockchain Deposit Insurance Corporation
By leveraging blockchain-powered smart contracts and advanced risk assessment algorithms, BDIC provides a vital safety net for cryptocurrency investments, ensuring trust, security, and long-term value in the digital economy through deposit insurance.
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