The E-commerce heavyweight Overstock has officially introduced a Research and Development (R&D) center, focused in blockchain, situated in the country of Ireland. 

Stated via a press release on October 9, the freshly-opened R&D center was built within the “IDA’s flagship North West business park in Sligo”, and should be able to recruit its 100th Ireland-based resource before the year ends. There are 80 technologists working for the center at the moment. 

According to the release, Overstock has invested more than €1 million ($1.1 million) in setting up the facility. 

“We’re absolutely delighted with our new home and getting all our teams back under one roof. It further validates Overstock’s choice of the North West as a great place to do business and build high-performance software development teams. The combination of a diverse career path, a cutting edge tech environment and a great work-life balance has really resonated with the techies who continue to join our growing team.” Overstock VP and site lead David Kenny further claimed. 

Details include that, apart from blockchain, the center will set goals in exploring innovations within the e-commerce and machine learning sector. 

Overstock is currently stuck in the middle of a legal battle when fraud allegations were made towards its former CEO Patrick Byrne and former CFO Greg Iverson.