We started Factom to build a more honest and transparent world. We take a pretty simple approach: create software that makes it impossible to change the past and point that software at places where it solves valuable business problems,” said Peter Kirby, CEO.
They state: “At Factom, we make the world’s systems honest. Honesty is good for business.
People and institutions today can solve hard problems and change the world for the better when they have a reliable framework to build on. Systems that are honest free up dead capital. This allows companies to grow and helps people to lift themselves out of poverty. We believe honest systems unlock everyone’s untapped potential.
We see a future world where fraud, corruption, and forgery are a thing of the past. We believe in keeping private data private and securing the world’s wealth because privacy and possession of property are basic human rights. Life can be a little more fair with Factom.”
“The US Department of Homeland Security (DHS) has awarded blockchain application developer Factom $199,000 to advance the security of digital identity for Internet of Things (IoT) devices.”