Factom Lands Smart-City Deal With China
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....
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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. Factom says it wants to apply blockchain technology to solving real-world business problems. According to the company, Factom’s back-end infrastructure allows corporations, governments and organizations to securely integrate, manage and secure....
Coinapult announced that they have had their hot bitcoin wallet compromised. The amount of BTC they said is 150 coins. The hack comes on the heels of their deal with Factom. Bitcoinist covered the news on their deal. From the article about their working with Factom. Coinapult CEO, Ira Miller, had the following to say: Coinapult melds trustless, blockchain-based tokens like Bitcoin with familiar assets like US dollars. These are notoriously different and incompatible. Factom allows us to bridge the gap by digitally tagging and verifying centralized assets. Factom lets Locks act more like a....
The year 2015 has been great for Bitcoin and blockchain technology. In fact, some of the best real-world adoption use cases for blockchain technology came in the form of Factom securing a land registry deal with the government of Honduras. Or that is what everyone was led to believe at last, as it turns out the project is nowhere near being finished, nor is there an official deal between both parties as of right now. According to a recent document that appeared online, there seems to be some confusion regarding Factom’s deal with the Honduran government. Based on earlier reports –....
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....
Factom announces collaboration with Coinapult, and plans crowd-sale for end of March 2015. Bitcoin wallet service provider Coinapult and Factom, a blockchain applications provider, have announced collaboration plans that they hope will develop the state of applied blockchain technology. Coinapult, which also provides brokerage services that lets users lock their balances to fiat currencies and stable assets, will team up with Factom, which provides blockchain applications in database management and record-keeping. CCN sought to find out what these exciting developments will mean to both....