Honduras, house Blockchain recordkeeping startup Factom has issued new public comment on its long-contentious partnership with the government of Honduras, calling a previously announced proof-of-concept "stalled".
In a new blog post , Factom CEO Peter Kirby spoke generally about the difficulties of working with global governments on land title projects, but also addressed past questions about the validity of the initiative.
Controversy arose earlier this year when doubt was cast on a rumored partnership between Factom and the government of Honduras, which would have found the Central American nation securing land title records with distributed ledger technology.
The development was reported by Reuters in May in what has since been a widely cited use case by blockchain technology proponents, though government officials have never publicly commented on the deal.
Kirby wrote : "We put [reporters] directly in touch with Honduras officials, who for reasons of their own were unable to comment. We also had approval before going on the record with any of these news organizations." The comments address lingering accusations by other blockchain communities that Factom allowed the rumors to develop in part to mislead the public about the success of its services. Mired in debate
The new comments address statements made in one of Factom’s Skype groups earlier this year wherein a founder suggested the company had perhaps not completed a deal with Honduras as previously indicated.
In comments to a representative of Counterparty , founder and chief architect Paul Snow stated that the deal’s status was inaccurately reported and that it was then stalled because of "political issues".
Snow claimed that the article "mangled" the company’s message, and that representatives of the Honduran government "preferred" that the story wasn’t corrected.The remarks were seized on by detractors seeking to suggest that Factom used confusion regarding the nature of the agreement in a bid […]
