Factom Outlines Record-Keeping Network That Utilises Bitcoin’s Blockchain

By November 19, 2014Bitcoin Business

A new white paper from the team behind Factom outlines a conceptual framework for a system that secures and proves the authenticity of records, documents or other important types of data that are later enshrined on the bitcoin blockchain.

The concept of using the blockchain to cryptographically prove the ‘truth’ of a piece of information is one of the cornerstones of the crypto 2.0 movement, and the concept itself has been implemented in the past.

Factom, however, […]

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