Factom Signs Deals for Blockchain Notarization Services and “Smart Cities” in China
Blockchain-based data management solution Factom is set to integrate its technology with Ancun Zhengxin's electronic data notarization services in China, International Business Times reports. Earlier in February, Factom signed a deal with technology consulting firm iSoftStone to collaborate on a “smart cities” initiative for several regions in China.....
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Factom has announced an initiative with Ancun Zhengxin in China to bring together blockchain or distributed ledger technology with electronic data notarization services in the country. A new partnership sees Factom, a blockchain-based solutions and infrastructure provider come together with Ancun Zhengxin, a Chinese data notarization provider to further blockchain technology for real world applications in the country. As a subsidiary of the Ancun Group, Ancun Zhengxin offers notarization services in over 100 locations spanning across 28 provinces in China. As a part of the agreement,....
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....
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....
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 has announced a deal with iSoftStone to begin researching and implementing Blockchain solutions in 80 urban areas across China. The move comes as China looks for cost-effective and reliable methods to realize its “smart-city” concept - Factom was an excellent choice as it has been successfully experimenting with optimizing land registries using the Blockchain technology. According to Jack Lu, Factom’s CTO, the scope of the new project is a substantial move from the start-up’s original experiments: the company expects to collect and store data incoming from a variety of streams....