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About
Factom Inc. is a company that builds blockchain software. Factom technology secures data for private and public organizations by publishing encrypted data or a cryptographically unique fingerprint of the data to Factom’s immutable, distributed Blockchain. Want to build a blockchain solution? Connect now.
The Factom Blockchain is an open source project. It was build to secure data and systems. Often it is described as a publishing and auditing engine. It allows users to write data to its ledger for a small fee. Once information has entered into the Factom Blockchain it can’t be removed.
Factom® blockchain technology can be adapted to almost any organization.
Factom® blockchain technology can be adapted to almost any organization.
Factom® blockchain technologies are leading the world in applying blockchain solutions to Enterprise, Government and Non-Profit systems. Factom® provides active solutions for compliance, identity management, transparent assets, and securities.
Factom® solutions sustainably scale and are easily configured to the needs of a wide array of businesses. Factom® technology is also architected to integrate seamlessly with legacy systems so companies can apply a blockchain backend to secure almost any system. By anchoring into Factom’s secure, decentralized network, your data will never be more secure.
Our Solutions
Auditing
Factom® Harmony solution provides a single, comprehensive, secure and unalterable document catalogue that eliminates the costs of document assembly and saves lenders time by consolidating document storage. With this streamlined platform, lenders can quickly and easily provide the auditors with credentials to the associated files. The Factom® platform also completely removes the risk of lost or missing documents.
Harmony’s Audit Room provides lenders with a blockchain based document audit solution that supports review and assembly of the necessary loan documents for loan various audit types. Loan reviews to compliance reviews all require accurate and complete loan files for a successful audit. Harmony’s Audit Room significantly reduces the costs to all parties to review and audit the documents and data associated with the transaction. Additionally, Factom’s blockchain base Harmony solution supports storage of the audit results, findings, exceptions ratings, comments and defect reporting on each document.
Quality Control
Documentation errors are the #1 source of defects and create false impressions of poor quality and generate excessive costs and challenges to the Quality Control process.The Factom® Harmony solution provides a single, comprehensive, secure and unalterable document catalogue that eliminates the costs of document assembly and saves lenders time and money by assuring a single source for final documents. Factom® Harmony eliminates duplicate documents, lost documents and document issues and exceptions.
Due Diligence
Harmony’s Due Diligence Room provides lenders with a blockchain based secure Due Diligence review solution that supports review and assembly of the necessary loan documents for loan due diligence. Whether it is for file transfer, bulk or whole loan sales, conduit or securitization, Harmony’s Due Diligence Room significantly reduces the costs to all parties to review and audit the documents and data associated with the transaction. Additionally, the Factom® blockchain based Harmony solution supports storage of the due diligence results, findings, exceptions ratings, comments and defect reporting on each document.
Document Authentication
The dLoc® by LINXENS, and secured by Factom, allows issuing agencies or entities to turn their offline documents into digital instances. This can be easily connected to the existing digital systems and bridge the gap between the offline and online worlds. This solution can be applied to a wide range of documents such as birth certificates, land titles, court, and medical records (often referred to as breeder documents).
ID Document Chain
Establishing an identity with digital instances over time makes it harder for that identity to be stolen or manipulated. The linking of the e-PP and e-ID ecosystems to a public blockchain along with the dLoc system will take the world of digital ID's to the next level. Linking an identity across multiple platforms and having it verified over longs periods of time will create an identity that if hacked or stolen, someone must delete all the verified versions of that identity over multiple platforms. Making the practice of digital ID theft nearly impossible.
Chains of identity over time, leveraging the power of a blockchain, if the physical document is lost, the proof from verified sources of truth already established in the system that the document did exist at one point in time. Making re-issuance of documentation possible from any physical location.
Near Field Communication (NFC) RFI Solution
Have an end to end secure document combining both hardware and software. Attaching an adhesive dLoc® encoded NFC transponder to any document makes it secured by dLoc® and the Factom public blockchain. Combining the dLoc® cloud-based system and the Factom blockchain an immutable identity is being created over time for the specific document. Access is available through the dLoc® mobile app, allowing people with certain levels of clearance to access.
Why was Factom built?
The Bitcoin Blockchain has several core issues. Factom was built in order meet these needs. Entering data into the Bitcoin blockchain is prohibitively expensive at volume. In addition, the Bitcoin blockchain cannot handle high transactional volumes. The Factom blockchain is orders of magnitude less expensive and has orders of magnitude more capacity for transaction volume.
Factom also has built-in layers of redundant security that other blockchain do not offer. The Factom Blockchain anchors itself into the Bitcoin blockchain, among others, to take advantage of the security of Bitcoin’s hashrate. The layering effect of security, ensures the immutability of its blocks.
Another feature that the Factom blockchain offers, that helps those wishing to do large volumes of transaction, is it also has a theme tracking capability. What this enables is the ability to chain together data you care about and forget the rest of the data set. Unlike the Bitcoin Blockchain that requires you have all of the data to prove any of the data, Factom allows you to prove your data set without need all the data in Factom.
Why does Factom matter?
Factom provides a distributed mechanism to lock in data, making data verifiable and independently auditable. This simple function is extremely powerful when applied to business transactions and processes. Factom enables people and businesses to use a mathematically provable “notarization” service.
Factom’s use cases span from being used as a shared ledger for multiple parties as a source of truth (secured by multi-signature keys) to creating an immutable, indisputable trail for “proof of process” or “standard of care”
What is the origin of the Factom name?
Factom comes from the Latin Factum for “Anything stated and made certain.”
How does one use Factom?
Factom is a technology used by applications. Existing or new applications can publish relevant data directly to Factom blockchain using Factom API calls. Factom serves as a protocol for Applications to provide functions and features beyond currency transactions.
Factom constructs a standard, effective, and secure foundation for these Applications to run faster, cheaper, and without bloating Bitcoin. Commercial applications sit on top of the Factom protocol, which in turn use the Bitcoin Blockchain to secure its own data (anchoring).
The Factom Blockchain is an open source project. It was build to secure data and systems. Often it is described as a publishing and auditing engine. It allows users to write data to its ledger for a small fee. Once information has entered into the Factom Blockchain it can’t be removed.
Factom® blockchain technology can be adapted to almost any organization.
Factom® blockchain technology can be adapted to almost any organization.
Factom® blockchain technologies are leading the world in applying blockchain solutions to Enterprise, Government and Non-Profit systems. Factom® provides active solutions for compliance, identity management, transparent assets, and securities.
Factom® solutions sustainably scale and are easily configured to the needs of a wide array of businesses. Factom® technology is also architected to integrate seamlessly with legacy systems so companies can apply a blockchain backend to secure almost any system. By anchoring into Factom’s secure, decentralized network, your data will never be more secure.
Our Solutions
Auditing
Factom® Harmony solution provides a single, comprehensive, secure and unalterable document catalogue that eliminates the costs of document assembly and saves lenders time by consolidating document storage. With this streamlined platform, lenders can quickly and easily provide the auditors with credentials to the associated files. The Factom® platform also completely removes the risk of lost or missing documents.
Harmony’s Audit Room provides lenders with a blockchain based document audit solution that supports review and assembly of the necessary loan documents for loan various audit types. Loan reviews to compliance reviews all require accurate and complete loan files for a successful audit. Harmony’s Audit Room significantly reduces the costs to all parties to review and audit the documents and data associated with the transaction. Additionally, Factom’s blockchain base Harmony solution supports storage of the audit results, findings, exceptions ratings, comments and defect reporting on each document.
Quality Control
Documentation errors are the #1 source of defects and create false impressions of poor quality and generate excessive costs and challenges to the Quality Control process.The Factom® Harmony solution provides a single, comprehensive, secure and unalterable document catalogue that eliminates the costs of document assembly and saves lenders time and money by assuring a single source for final documents. Factom® Harmony eliminates duplicate documents, lost documents and document issues and exceptions.
Due Diligence
Harmony’s Due Diligence Room provides lenders with a blockchain based secure Due Diligence review solution that supports review and assembly of the necessary loan documents for loan due diligence. Whether it is for file transfer, bulk or whole loan sales, conduit or securitization, Harmony’s Due Diligence Room significantly reduces the costs to all parties to review and audit the documents and data associated with the transaction. Additionally, the Factom® blockchain based Harmony solution supports storage of the due diligence results, findings, exceptions ratings, comments and defect reporting on each document.
Document Authentication
The dLoc® by LINXENS, and secured by Factom, allows issuing agencies or entities to turn their offline documents into digital instances. This can be easily connected to the existing digital systems and bridge the gap between the offline and online worlds. This solution can be applied to a wide range of documents such as birth certificates, land titles, court, and medical records (often referred to as breeder documents).
ID Document Chain
Establishing an identity with digital instances over time makes it harder for that identity to be stolen or manipulated. The linking of the e-PP and e-ID ecosystems to a public blockchain along with the dLoc system will take the world of digital ID's to the next level. Linking an identity across multiple platforms and having it verified over longs periods of time will create an identity that if hacked or stolen, someone must delete all the verified versions of that identity over multiple platforms. Making the practice of digital ID theft nearly impossible.
Chains of identity over time, leveraging the power of a blockchain, if the physical document is lost, the proof from verified sources of truth already established in the system that the document did exist at one point in time. Making re-issuance of documentation possible from any physical location.
Near Field Communication (NFC) RFI Solution
Have an end to end secure document combining both hardware and software. Attaching an adhesive dLoc® encoded NFC transponder to any document makes it secured by dLoc® and the Factom public blockchain. Combining the dLoc® cloud-based system and the Factom blockchain an immutable identity is being created over time for the specific document. Access is available through the dLoc® mobile app, allowing people with certain levels of clearance to access.
Why was Factom built?
The Bitcoin Blockchain has several core issues. Factom was built in order meet these needs. Entering data into the Bitcoin blockchain is prohibitively expensive at volume. In addition, the Bitcoin blockchain cannot handle high transactional volumes. The Factom blockchain is orders of magnitude less expensive and has orders of magnitude more capacity for transaction volume.
Factom also has built-in layers of redundant security that other blockchain do not offer. The Factom Blockchain anchors itself into the Bitcoin blockchain, among others, to take advantage of the security of Bitcoin’s hashrate. The layering effect of security, ensures the immutability of its blocks.
Another feature that the Factom blockchain offers, that helps those wishing to do large volumes of transaction, is it also has a theme tracking capability. What this enables is the ability to chain together data you care about and forget the rest of the data set. Unlike the Bitcoin Blockchain that requires you have all of the data to prove any of the data, Factom allows you to prove your data set without need all the data in Factom.
Why does Factom matter?
Factom provides a distributed mechanism to lock in data, making data verifiable and independently auditable. This simple function is extremely powerful when applied to business transactions and processes. Factom enables people and businesses to use a mathematically provable “notarization” service.
Factom’s use cases span from being used as a shared ledger for multiple parties as a source of truth (secured by multi-signature keys) to creating an immutable, indisputable trail for “proof of process” or “standard of care”
What is the origin of the Factom name?
Factom comes from the Latin Factum for “Anything stated and made certain.”
How does one use Factom?
Factom is a technology used by applications. Existing or new applications can publish relevant data directly to Factom blockchain using Factom API calls. Factom serves as a protocol for Applications to provide functions and features beyond currency transactions.
Factom constructs a standard, effective, and secure foundation for these Applications to run faster, cheaper, and without bloating Bitcoin. Commercial applications sit on top of the Factom protocol, which in turn use the Bitcoin Blockchain to secure its own data (anchoring).
https://www.factom.com
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