[ANN] FACTOM - Introducing Honesty to Record-Keeping

[haggis]

These guys definitely know how to do business. Hats off!

[1714724031]

1714724031

[D-Lux]

I was wrong, it broke 50 withing 20 minutes after my post. Yay!

Do it again!

[D-Lux]

These guys definitely know how to do business. Hats off!

Yeah, these deals keep popping up from out of nowhere. Makes you wonder how many others are in the hopper.

[Azael]

Factom Inc. and Intrinio are putting Wall Street on the Factom blockchain https://www.factom.com/intrinio-factom-announce-collaboration/

[Mimir]

Didn't it say "Enron" previously?

Yeah, it looks like "Emails" has replaced "Enron." Did anyone ever figure out what "Enron" was referring to, to begin with?

Assume it would be this: https://en.wikipedia.org/wiki/Enron_Corpus

[crazyivan]

I was wrong, it broke 50 withing 20 minutes after my post. Yay!

Do it again!

Lets try. Factor will break 60 in 48 hours!

Counting.....

[Honest Tim]

I was wrong, it broke 50 withing 20 minutes after my post. Yay!

Do it again!

Lets try. Factor will break 60 in 48 hours!

Counting.....

Is that like some sort of "Factom Classic" ?

[willowfoot]

Very telling and good interview.
https://coinreport.net/conversation-factom-ceo-peter-kirby-ancun-zhengxin-cto-haihua-shen/


Lots more surprises to come!


"There’s a lot of projects on Factom right now that we can’t talk about because of NDAs. Half of the corporations in the world want to blast from the rooftops that they’re working on blockchain and the other half want to secretly work on tools and say, in a year or two, “look, we’ve been on blockchain for all this time.” We certainly have customers that are the latter. The whole point of Factom is [that] we’ve introduced this public utility, anybody can write to it, it’s a useful tool for the world. And then we do corporate engagements to built interesting sets of tools and services on top of our Factom public utility. We’ve been hunting for and talking to big enterprise software for a year, year-and-a-half, and we’ll have some projects that will be live over the next year that hopefully we can talk more about."

[MalReynolds]

^^^ Huh ^^^.  I think I will hodl.

[myriadforce]

Ask your questions - Factom Hangout Tonight 8pm EST
https://www.youtube.com/watch?v=LS5NE4KvxeU&app=desktop

[crazyivan]

Another great piece

https://cointelegraph.com/news/wall-street-gets-one-step-closer-to-embracing-blockchain

60, here we come, 45 hours to go.

[husky1971]

Aiming for all-encompassing health record

One recipient of the more than $1 billion in venture funding that has been injected into blockchain-related startups over the past year or so is Factom, a blockchain vendor in Austin, Texas, that recently entered into a deal with cloud health record services provider HealthNautica.

Factom uses the existing bitcoin blockchain, the world's largest with about 5,300 nodes, or servers, as well as linking to conventional enterprise networks.

Under the deal with HealthNautica -- which is still in development as Factom works on building its bandwidth capabilities, according to company executives -- Factom's blockchain technology will verify and time-stamp health records and claims for HealthNautica's physician and hospital clients.

Factom founder Paul Snow asserted that blockchain can enable for the first time the long sought longitudinal health record that contains every episode of care from childhood to old age in every location healthcare was delivered. This capability would radically reduce medical errors and improve care quality as well as empower individuals to have full control over their own health records, he said.

"There's no doubt that blockchain can save lives by ensuring that all the available health information has been evaluated in a quick and efficient fashion," Snow said.

http://searchhealthit.techtarget.com/news/450303012/Blockchain-in-healthcare-getting-a-lot-of-attention

[flashbit]

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/12941130.html

Coinsilium Group Limited (ISDX:COIN), the ISDX quoted blockchain technology investment and development company, is pleased to announce that Factom Inc. (‘Factom’), a company in which Coinsilium has a 1.9% equity interest, has announced a collaboration with Intrinio, making “immutable US stock market data available to the world.”

Following the announcement Factom’s Chairman David Johnston stated, “Intrinio is providing financial market data to Factom helping us build the foundational data sets for our users to audit their financial records. By publishing all these different stock prices on Factom, developers now have a reliable way to build their financial applications, and since the blockchain is stored forever on a distributed basis, this is a resource that grows every day and the wealth of past knowledge is always available to verify, without everyone having to store the data locally in their application.”

Coinsilium CEO Eddy Travia commented: “We are delighted to release another announcement this summer regarding Factom’s ongoing collaborations and projects to put data on the blockchain. These collaborations make it easier for both the technology and financial sectors to access and work with more reliable data than ever before and could lead to arguably revolutionary developments, with far-reaching implications. Within the wider arena we are beginning to see the innovations that result from the sharing of information. I am eager to see how financial institutions and fintech startups will use these tools in creative and productive ways”.

[mantra]

FACTOM rais in bittrex, stay keep it

[tempus]

The interview with David Johnston is live now, but on another link:

https://www.youtube.com/watch?v=kUmYI7A5Pzg

[MyFarm]

The first person to go buy a starbucks coffee and post a pic with it and your username here.. I'll send you 10 FCT.

[Fern]

M2 code is done and is in testnet. A lot of work to do, time to go - like public test, RC 1, etc etc But this is great progress.

[oneyesoneno]

The first person to go buy a starbucks coffee and post a pic with it and your username here.. I'll send you 10 FCT.

Lets drink some coffee while watching live stream

[flashbit]

Factom help China Big Data industry and supply chain finance application landing

Runaway Commentary : Factom block chain as representative of start-ups, to attend the speech at the China event will be the actual significance of China's future landing big data industry supply chain and financial applications major, combined with the existing economic and legal environment gradually to solve practical problems, it will be extremely important.

The Assembly invited to a lot of the block chain start-ups, bring a lot of dry goods share the block chain, which, as a start-up company representative Factom companies bring different sharing Factom's chief financial officer, Mr. zachary Lynde expressed through the integration of large data blocks and chain technology, will help finance the development of supply chain, and injected new imagination to provide application solutions.

Zachary Lynde believes that the current liquidity risk has become a primary risk to the global and Chinese enterprises are facing. Since 2009, the International Monetary liquidity decreased from 60 per cent of the world's total GDP to 30%, fell to 50%. While the number of international transactions in circulation traded through paper more than 2 trillion, companies are increasing capital investment, to cover the risk of failure of the transaction costs. Based on the trustworthiness of the block chain technology, transparency and supply chain finance solutions based on timestamps provide traceability, will effectively shorten the cash conversion cycle, reduce transaction cost of failure, thereby improving corporate profits.

http://chainb.com/?P=mpost&id=1892

http://mt.sohu.com/20160824/n465752536.shtml

[MalReynolds]

Anybody got a link to a transcript / list of questions for the Tai Zen interview last night?

Also, on the latest announcement of Intrinio putting 3000 Wall Street stock price listings on the Factom blockchain every 15 minutes - how many Entry Credits are they using for every 15 minute data dump?  One EC per 15 minutes to store a list, or 3000 EC per 15 minutes to store each quote as an individual entry?  Or something else?

15 minutes per data dump is 4*24 = 96 per day.   Intrinio has been using 5000-6000 Entry Credits per day, or an average of around 50 EC every 15 minutes.  From the looks of the chart they are currently the biggest daily Factom user.  Will their EC use now be going up with the new announcement?  Putting 3000 individual quotes up every 15 minutes would be over a quarter-million ECs per day (at a cost of under $300 per day).  That would be a huge bump.

https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/htmlview?pli=1#gid=445871101