Austin, TX (Feb 4, 2016) – Today, iSoftStone and Factom Inc. announced a Memorandum Of Understanding for the integration of iSoftStone’s smart city solution and Factom’s blockchain-as-a-service technology. Factom will offer business advice and technical knowledge as iSoftStone, a technology consulting firm, shapes its blockchain strategy for its smart city solution. As part of this solution Factom’s Apollo Product will offer a data storage, auditing, and verification layer for several regions in China.



With the rapid urban development in China and other countries, corporations and governments around the world are focused on building new modern infrastructure to accommodate this growth. The push towards building “smart cities” creates an immense opportunity to use blockchains to secure the smart city infrastructure. Blockchain-based systems can provide greater transparency and accountability while cutting administrative and audit costs.

“By applying Factom blockchain technology to our financial services, smart cities big data services, and construction of data exchange, we will drive more innovation in China,” said Mr. Ye Yuping, Executive VP & CTO of iSoftStone. “By leveraging the advantages of both parties, we look forward to seeing a brighter future. We are sure that the integration of Factom and smart cities will bring more development opportunities for both sides.”

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