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Factom is a blockchain technology company based in Austin, Texas. The company was founded in 2014 by Paul Snow and David Johnston as a blockchain as a service company, using blockchain for data management and security. Its customers include the United States Department of Homeland Security, and the company previously anchored Project Gutenberg. Factom (FCT) is a cryptocurrency for internal use on the Factom platform, which is based on blockchain technology and consists of blocks of encrypted information. The Factom project was launched in 2015, the purpose of which was to increase the standard block size in the blockchain system – 1 MB. In 2015, the developers of Fantom realized that such a small block size can become a problem.
Just few days after the completion of the Harmony IEO on Binance, the fintech company partners Chainlink in a bid to become a pioneer in the field of highly scalable networks.
Microsoft predicts interesting days in the distributed ledger ecosystem and is looking for new partners and new open technologies.
Factom collaborates with iSoftStone to shape a smart city strategy, which will roll out data storage, auditing, and verification service for several regions in China.
Microsoft has added four new partners, including BitPay, to its Azure blockchain-toolkit platform.
Coinsilium, a blockchain investment services provider, has started stock trading on the ICAP Securities and Derivatives Exchange in London.