[ANN] FACTOM - Introducing Honesty to Record-Keeping

[locogee]

Is it possible to compare the code of a program with an entry in your blockchain?
I ask this question because i don't know if there is a way to be sure a program is disclosing the entirety of its code when asked to identify itself.
If there is a way it means it would be easy to make anti viruses run on this blockchain? Even identify robots?

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[CocoLibre]

An IBM PR mentioning Factom from earlier today for those interested

http://www.prnewswire.com/news-releases/ibm-launches-first-highly-secure-blockchain-services-for-financial-services-government-and-healthcare-on-ibm-cloud-300259992.html

[Soul_eater_123]

An IBM PR mentioning Factom from earlier today for those interested

http://www.prnewswire.com/news-releases/ibm-launches-first-highly-secure-blockchain-services-for-financial-services-government-and-healthcare-on-ibm-cloud-300259992.html

Thanks for posting that here's a little snippet:

IBM Blockchain for Bluemix Provides Developers New Flexibility
For application developers who want to get a blockchain environment running almost instantly and start building applications, the beta release of IBM Blockchain on Bluemix provides access to the very latest Linux Hyperledger code, updated as the code continues to emerge. Whether on DockerHub or IBM Cloud, IBM Blockchain supports multiple industries and diverse use cases.

"Bluemix Services make it easy for Factom developers to work with IBM Blockchain code," said Paul Snow, Chief Architect of Factom. "IBM is the single largest contributor to open source technology and the Internet would not be what it is today without their contributions. Exploring blockchain technology with IBM is exciting and our approaches are complementary. We are thrilled to see how they will help grow the industry."

Join IBM during the Consensus Building Blocks Hackathon 2016, where developers will be challenged to use IBM's blockchain service on Bluemix to rapidly build innovative applications incorporating services such as IBM Watson, IBM Internet of Things, The Weather Channel Data and others. Voting, risk management, finance, healthcare, insurance, supply chains and IoT are some of the systems that are poised for dramatic change using blockchain networks.

For more information, visit: www.ibm.com/blockchain.

[crazyivan]

Guess we re going green again. Nice.

[Nxtblg]

Guess we re going green again. Nice.

Yep: slowly, slowly, but green.

Funny how the Lending rates at Polo have collapsed...lotsa supply, evidently not much demand from short-sellers.

[crazyivan]

Guess we re going green again. Nice.

Yep: slowly, slowly, but green.

Funny how the Lending rates at Polo have collapsed...lotsa supply, evidently not much demand from short-sellers.

People re over liquid, dont know what to do with BTC so they lend at extremely lower rates. This has reflected on alts as well. I think this will change as close as we get to the halving.

[MyFarm]

Does anyone else get the feeling that Factom is in some sort of unannounced partnership with IBM?

[ra_pl]

it seems to me that this is not the end of the news

[CocoLibre]

I would expect on release of milestone 2 a series of press releases for non-disclosed MOUs that are currently pending release. If you look at the usage chart there are entries that have not been divulged in the press such as the Enron use case and Chinese markets entries that likely are being conducted by a corporate contributor as initial test cases. As well I would not be surprised if we see unexpected news such as more integration deals with major corporate players such as the recent IBM PR or another VC funding round.

[tempus]

I think, at least it's safe to say that it won't be boring.

Another interesting article about a great potential use case:

The Future of Medical Records: Two Blockchain Experts Weigh In

(...)

Peter Kirby, CEO of Factom, a company that employs blockchain technology to change how businesses manage data and keep records, describes the medical records space as “one of the biggest, hairiest record keeping problems on earth, especially in the U.S.” In fact, Factom just brought in a VP of Products who is a former medical records professional.

Kirby says that the only medical records applications being pursued at Factom are very early prototypes. “The thing that we are starting to mess around with center on producing a cryptographic proof of the record that demonstrates who had the most recent version of it. The medical record problems at its core are ‘what happened when’ and ‘who has access to that information’ problems. While these are the types of issues that lend themselves well to blockchain technology, the difficulty comes in striking a balance between privacy and transparency, all within a sea of multiple systems.”

Kirby goes on to note that when security breaches are discovered “what one (isn’t aware of in terms of vulnerabilities) is just as critical as what one (is already aware of).” That’s the really scary stuff. The old way to monitor this was to have a dot matrix printer and one of those continuous chains of paper printed out with (security) logs on it. The blockchain essentially brings a whole level of improvement to this.”

(...)

https://btcmanager.com/news/the-future-of-medical-records-two-blockchain-experts-weigh-in/

[Soul_eater_123]

Does anyone else get the feeling that Factom is in some sort of unannounced partnership with IBM?

They have already been working with IBM in a roundabout way (see earlier news post) so it would make sense.  Obviously we would only here about it once everything was finalised and then it would be too late to profit!

[Soul_eater_123]

I think, at least it's safe to say that it won't be boring.

Another interesting article about a great potential use case:

The Future of Medical Records: Two Blockchain Experts Weigh In

(...)

Peter Kirby, CEO of Factom, a company that employs blockchain technology to change how businesses manage data and keep records, describes the medical records space as “one of the biggest, hairiest record keeping problems on earth, especially in the U.S.” In fact, Factom just brought in a VP of Products who is a former medical records professional.....etc

https://btcmanager.com/news/the-future-of-medical-records-two-blockchain-experts-weigh-in/

This would be even more relevant to the UK.  There is a big problem with the medical records system and there was a scandal a few years ago with a new NHS computer system having to be scrapped after spending several hundred million pounds when it failed to meet expectations. 

The NHS is still crying out for a modernised (single) system which is both secure and standardised - at the moment each hospital trust has it's own completely different system with incompatibilities between hospitals, primary care and different regions being a daily hurdle.

With a centralised NHS and a government that is highly enthusiastic about the blockchain Factom would be a perfect fit here.  I suspect it is only a matter of time before some blockchain company (even if it isn't Factom) wins that contract and it would dwarf (in monetary and adoption size) any previous blockchain achievements.

This kind of stuff is part of the reason I'm so enthusiastic about Factom.  They seem to be talking directly to the big players and doing the big deals already, whereas other blockchain companies/cryptocurrencies are just making great pronouncements about the future - including Ethereum and especially those involved with Bitcoin development who seem to be big on making speeches but seem to bring very little to actual fruition. 

I would not be surprised if in a year's time Factom is more valuable than Ether.

[cryptonit]

I would not be surprised if in a year's time Factom is more valuable than Ether.

marketcap i dont think so

but the value of each single coin FCT will catch up for sure
because of the different kind of inflation

so longterm FCT might be the better investment
that keep and increase value

while at ETH u need constant mine or buy to keep ur share of total coins same size

[mybitcoin101]

I would not be surprised if in a year's time Factom is more valuable than Ether.

marketcap i dont think so

but the value of each single coin FCT will catch up for sure
because of the different kind of inflation

so longterm FCT might be the better investment
that keep and increase value

while at ETH u need constant mine or buy to keep ur share of total coins same size

fct a pos coin?

[crazyivan]

I would not be surprised if in a year's time Factom is more valuable than Ether.

marketcap i dont think so

but the value of each single coin FCT will catch up for sure
because of the different kind of inflation

so longterm FCT might be the better investment
that keep and increase value

while at ETH u need constant mine or buy to keep ur share of total coins same size

fct a pos coin?

Nope. But no supply ATM, actually total number of coins s been slowly going down due to exchange for Entry credits.

[whiteorg72]

It is interesting how many more month to wait for work to be completed on the Milestone2 ?  
Factoids price lowered almost to the very bottom. It is a pity that this is happening. Maybe all the same Milestone2 will raise the cost of factoids.

[whiteorg72]

Factomproject mentioned at Consensus2016!
https://twitter.com/hashtag/Consensus2016?src=hash

[whiteorg72]

Factom Super CMO Laurence Tiana on mashable - Sell stories, not tech: 8 steps for pitching a hard-to-describe startup.
http://mashable.com/2016/04/27/pitching-a-startup/#RaPW7iHjCaqK
https://twitter.com/LaurenceTiana

[crazyivan]

It is interesting how many more month to wait for work to be completed on the Milestone2 ?  
Factoids price lowered almost to the very bottom. It is a pity that this is happening. Maybe all the same Milestone2 will raise the cost of factoids.

Brian said just around the corner. About the price, just focus on Factom promotion or do something else. Checking 5x the price 5x a day achieves nothing. If Factom manages to generate quality, there will be result.

[crazyivan]

Also, have in mind Factom is one of the most bot infested markets I ve ever seen so far. Why is this, I have no idea.