Us' retail giant Overstock is expanding its blockchain wing tZero with new hires in Ireland.

The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, local tech news bureau Silicon Democracy reported on Nov. 10.

As reported, the new hires for tZero are part of a new team at Overstock'southward headquarters in Sligo in western Republic of ireland. The online retail company already employs ninety people working in AI, enquiry and development, and machine learning.

Amit Goyal, principal applied science officeholder at tZero, told Cointelegraph that Ireland is the but country exterior the United states of america where the firm has a presence. Goyal said that tZero has already made its get-go hire in Republic of ireland; a principal software engineer.

Senior evolution director at Overstock John Forde said that tZero operates in a "fast-growing digital securities market," stating:

"It is an exciting time for Overstock Ireland to be working with tZero to expand into this area. It provides variety in terms of both technology and business domain and enables us to provide exciting and challenging roles here in the northwest."

According to Overstock's Q3 2020 earnings report, tZero increased its revenue by 97% yr-on-year to $11.i meg in the first quarter of 2020. Still, tZero was still unprofitable, losing $12.3 meg in Q3.

Overstock was one of the first major mainstream companies to announce Bitcoin (BTC) support. After launching tZero security token exchange in tardily 2016, Overstock besides completed a $134 million initial coin offering for tZero in August 2018.