BLOCK CHAIN STARTUP FACTOM TACKLES DATA PROBLEMS; BITCOIN CAN’T HANDLE THE TRANSACTION VOLUMEFactom strives to become a data and record keeping layer of Bitcoin. The project has received ample attention the world over, as the startup has even partnered with the Honduras government to work on a land title initiative and with USAA as an informal consultant. The startup released the genesis block of its protocol a few weeks ago.
The data on Factom is kept off block chain, and the protocol features its own distributed public data layer. Every ten minutes, Factom compiles the data in a merkle tree anchor and publishes it into the Bitcoin block chain.
https://www.cryptocoinsnews.com/block-chain-startup-factom-tackles-data-problems-bitcoin-cant-handle-transaction-volume
