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Factom™, based in Austin, Texas, is a distributed, decentralized protocol layer running on top of Bitcoin that allows data of any kind to be memorialized, anchored, time-stamped, and cryptographically secured using Bitcoin’s blockchain and tremendous network hashrate. In addition to these benefits, Factom allows the storage of data extremely efficiently, due to its use of Merkle Trees.
Brian Deery, Factom’s Chief Scientist, discusses the motivation and mission of Factom, according to Brian, Paul Snow, and others involved in the company. Brian’s wealth of knowledge about blockchain technology and the Bitcoin Blockchain can be overwhelming, even to experienced listeners, but this interview is well worth listening to, if you want to further your knowledge in this industry.
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