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  • Google Blockchain for Audit March 22, 2018
    Has anyone looked into this? Google building its own blockchain for audit trail. Doesn't look like its for commercial use but wish they used Factom. https://www.coindesk.com/immutable-google-search-giant-eyes-blockchain-for-audits/ submitted by /u/CoinSavage [link] [comments]
  • Last post in IOT series: "Solving IOT Problems with Factom's Blockchain" March 21, 2018
    submitted by /u/FACTOM [link] [comments]
  • Best storage options? March 21, 2018
    So I have some fct on an exchange and I’d like to get it off as it’s one of the cryptos I believe can really do something. The only storage methods I’ve found from googling is paper and exchange. Seems strange am I missing something? Anyone else have any innovative storage solutions? submitted by /u/olliec420 […]
  • Upcoming Event: M3 Release - April 30, 2018 March 21, 2018
    submitted by /u/cryptocalbot [link] [comments]
  • US Congress Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology March 19, 2018
    submitted by /u/D-Lux [link] [comments]
  • Article Regarding Factom March 19, 2018
    https://www.networknewswire.com/factom-harmony-fct-establishing-trust-decentralizing-history-blockchain-technology/ This is an article about Factom that was posted previously. Please note that all Press Releases by Factom will be disseminated thru the official Factom.com website. submitted by /u/FACTOM [link] [comments]
  • Good morning Factom Community from Paul Snow and Jay Smith March 19, 2018
    submitted by /u/jaysmith8088 [link] [comments]
  • Few reasons that make FACTOM one of the best cryptocurrency March 19, 2018
    submitted by /u/cryptocoinhelp [link] [comments]
  • Ledger Support March 19, 2018
    I'm surprised there hasn't been much talk of Ledger Support for FCT recently given that Draper Venture Network (via it's sub-orgs) led Factom's Series A and Ledger's Series-B. Can anyone shed light on whether or not this is in the works, or why it's not being actively pursued? submitted by /u/whiterockbeasts [link] [comments]
  • Factom, 51% attack, and the risks of centralization March 19, 2018
    Hi everyone. I figure that since we're discussing Factom protocol governance structure, it makes sense to start a thread about Factom centralization risks. As background, the most well-known blockchain attack would be the 51% attack. In the case of Bitcoin, the attackers would be able to prevent new transactions from gaining confirmations, allowing them to […]

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What Is Factom ?

Factom Coin is a new coin  that aims to use the blockchain for the most basic purpose that it can be used; keeping records. Blockchain technology has the ability to maintain and keep unadulterated records for lifetimes. The most important direct application of such a record keeping system is business itself. Factom has created a data layer on top of the bitcoin blockchain. By doing so, it has built the capacity to keep millions and millions of records in a distributed consensus-based system that cannot be adulterated.

Businesses, governments, universities and other record-keeping institutes can keep their data secure with the help of a single has using cryptographic isolation of the records. Businesses especially can use their record in such a way that it cannot be changed, backdated, etc in the future.

Its practical uses

The practical uses of the Factom coin have already been discussed before. They heavily involved businesses and governments and their record-keeping initiatives. Now the factom network operates on an open-source software that everyone can operate. It even allows the user to program on it and develop new applications for the future of the record keeping initiatives on the blockchain. This will allow you to use it for any purpose that you feel like doing and promote more and more uses of the ingenious platform.

Factom’s transactions are stored on the Bitcoin network and since Factom can be programmed like Ethereum, it is the first approach that uses the bitcoin network itself for programmable initiatives. Factom wants to make the world’s system honest by decentralizing databases.

If your database is centralized and is vulnerable because of it, you can easily shift towards the Factom coin and use its decentralized record-keeping on offer. It can be used for medical records, scoring sheets for sports, historical data, scientific data, supply chain information and what not in itself.


Peter Kirkby- President

Paul Snow-CEO

Brian Deery-Chief Scientist

Zachary Lynde-CFO

Zeen Zhang- China General Manager


The Factom coin cannot be mined because it is based on the Bitcoin Network and its history cannot be different from bitcoin itself. It is a mixture of proof of publication, proof of process and proof of audit.

Notes for Investors

The Factom coin was started back in January 2016 and its price has increased from $0.12 to a whopping $207 at the time of this article showing a volatile but ultimately positive trend. Its market cap is around $207 million. It is a very intriguing prospect for the future.