Factom has developed and is currently deploying enterprise level applications to secure and validate data. They anchor commitments of data into the bitcoin blockchain (although it is chain agnostic) because we all know the value of bitcoins network lies in its security, its immutable ledger, and not its efficiency. Factom leverages that security. It scales and utilizes a bi-token system to alleviate the volatility of the market price of the token for corporations. The use cases are endless (broad categories include enterprise level notarization, securing actionable data, provenance, and publishing audit trails for business processes. More specifically, securing mortgage documents, authenticating customer communication for banks, securing publicly traded stock prices every 15s in perpetuity, supply chain management, the list goes on). They have revenue generating clients and multiple partnerships being built with Fortune 100 companies (as stated by their sales and marketing executives:
https://www.reddit.com/r/factom/comm...the_sales_and/).
Think about the value of a
trustless system that verifies and authenticates trails of data. Any kind of data.
It's distributed data vs. distributed computation (which is much, much more complex to implement in the real world than the market thinks)
Last edited by As1an1nvas1on; 12-26-2017 at 10:40 PM.