Dept of Homeland Security Awards $200K to Factom for ID System
An announcement from the Department of Homeland Security (DHS) has revealed that the Austin-based firm Factom will receive a grant for $199,000 USD to procure a system of security of digital identity for Internet of Things (IoT) devices. Factom to Ensure Immutability for IoT Devices, In a press release sent to Bitcoin.com, DHS awarded Factom with some....
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In recent news, the Department of Homeland Security's Science and Technology Directorate has issued a grant to Factom Inc., to work on blockchain based IoT security solution. When a technology grows too big, those who fail to adapt will be left behind, no matter which branch of the government they belong to. Having understood the importance of digital currency technology, the Department of Homeland Security, Science and Technology Directorate has awarded a grant of $199,000 to Factom Inc. The Department of Homeland Security’s recent press release states that the organization has issued the....
The U. S. Department of Homeland Security (DHS) Science and Technology Directorate (S&T) awarded Austin, Texas-based $199,000 to Factom Inc. to advance digital identity security for Internet of Things (IoT) devices. The award was one of several DHS S&T awards to support the development of security solutions that involve blockchain technology. DHS S&T also announced competitive research awards for small businesses through its Small Business Innovation Research (SBIR) program DHS S&T awarded $199,000 to Factom Inc. for its project titled, “Blockchain Software to Prove....
Blockchain-based company Factom has announced it will soon secure medical records on its platform. The firm received a grant from the Bill & Melinda Gates Foundation to provide immutable and easily accessible records. Gates Foundation Grant to Produce Distributed Medical Database. Factom, the blockchain as-a-service (BaaS) technology company, has....
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....
Blockchain startup Factom has raised $4.2m in new funding to build a series of unnamed new products for its blockchain data network. The Austin, Texas-based company that lets users verify data using its Factom blockchain, fresh off winning a $200,000 grant from the US Department of Homeland Securities, now plans to scale with a series of hires to be announced over the coming months. Factom co-founder and CEO Peter Kirby said the Series A round, led by venture capitalist Tim Draper, will also be used to further develop its core technology and suite of products. Kirby told CoinDesk: "We....