This reads like an April Fools joke, and I'll give the author the benefit of the doubt on that one as the author's company literally works in the cryptocurrency space, except they apparently refer to themselves as a cryptoledger. So it seems like a troll post... Otherwise this makes for some terrible irony.

Or the other case could be that they feel they've lost out on investment, due to the fact that openness and decentralization is leading the charge in blockchain/cryptocurrency technologies, while he's trying to come up with a privatized solution... and why accept private when there's better and more established open alternatives already leaving their marks, no pun intended.