Factom is Serious About Stopping Smart Dishwasher Fights
How will your garbage disposal know to trust your dishwasher? While the question might not sound serious, it's key to understanding the power of Factom, the much-anticipated blockchain-based recordkeeping network, according to its creator Paul Snow. "Devices have reputation," Snow explains. "If the garbage disposal keeps asking for power and the refrigerator never sees any power used, the fridge should think there's something wrong." What will settle this futuristic kitchen argument over power use is that the fridge has a dependable record of its past interactions with other appliances,....
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Factom is a new data layer technology that works on top of the Blockchain. Factom has designed a new platform to store any type of data into the Blockchain. Entries stored in Factom can never be changed or deleted, making Factom the perfect platform for developing a wide range of applications. Factom has developed a way to overcome the Bitcoin limitations and enhance its capabilities. Almost two days ago, Factom crowdsale was launched and in less than 24 hours raised about 580 BTC. At the time of I'm writing they already raised 658 BTC. The Factom crowdsale was launched on the....
Factom, a new system for leveraging the Bitcoin blockchain for use has released their much anticipated Whitepaper, today. The community has been talking about Bitcoin 2.0 smart contracts for years now; however, many have forgotten that a decentralized/distributed layer for "trust-able" information sources is a necessary prerequisite to smart contracts functioning the way idealists want them to. Factom melds security, accessibility, and innovation in such a way that will undoubtedly expedite the use of blockchain technology for non-monetary purposes. While the concepts have existed in....
Blockchain technology company, Factom, which builds interfaces that plug into existing systems and enable interaction, has collaborated with financial data feed company, Intrinio to put Wall Street on the Factom blockchain. Building reliable financial applications. The collaboration is said to enable data for the 3,000 most valuable US stocks to be published into the Factom blockchain every 15 minutes. Factom claims, following this development, to have moved ahead of the majority of establishments within the blockchain industry. This claim is backed by the fact that it uses real data that....
Factom is perhaps the most anticipated project in the cryptocurrency ecosystem for 2015. Factom promises to introduce new blockchain based software that will bring developers the tools to build a new generation of applications using the blockchain technology while making it available to every type of organization. Factom introduced the first functional blockchain technology that provides an unalterable and safe record-keeping system. By using another data layer on top of the Bitcoin blockchain, the Factom protocol can secure millions of real-time records in the blockchain with a single....
With an eye to the future, China’s government is working with Factom, a blockchain based record verification and auditing infrastructure company along with consulting firm iSoftStone to plan blockchain based administration projects for smart cities. The plan will include strategies for storage, auditing and verification services. Named after the Factom brand, Factoids, a token value, are issues and transferred among users who purchase entry credits and record entries. Factom servers will create entry blocks and directory blocks. The hashing of directory blocks is secured onto the....