The Factom® protocol is built to leverage the security and immutability of blockchain for the purpose of securing data.
The Factom Protocol
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The Factom® protocol is a standalone, enterprise-grade public blockchain, that enables you to published and secured data.
It is developer-friendly and enables developers to build powerful open source technologies and solutions, using efficient pure data structures, with easy integration into existing business IT systems.
The Factom® protocol’s unique two-token system lowers the barrier for enterprises and government organizations to build applications that require the stability of low, fixed cost and without the need to touch cryptocurrencies.
Because the Factom® protocol in its essence is a data integrity protocol, it enables us and other developers to implement several technologies and solutions on top of the Factom® protocol:
- Data and Document Authenticity
- Digital Identities
- Decentralized Identities (DID)
- IoT Security
- Smart Contracts
- Verifiable Claims (VC)
- Zero Knowledge Proofs (ZKP)
All at a fixed, low cost and without the need to touch cryptocurrencies.