[ANN] FACTOM - Introducing Honesty to Record-Keeping

[bitChipper]

Hello everybody. Yes, the answer is very simple, there is a periodic correction of the market. This applies to all coins on the market. I wish success to all.

The price of this project is bellow June 2017, can someone elaborate why this happens? It seems to be a solid project.

Um no , Factom is taking a much deeper dive , lost 50% in a month , but why? I thought this was one of the more solid ones , something happen?

It is one of the solid ones, nothing bad happening, actually good things on the development side.

If you haven't noticed FCT isnt the only coin down 50% (in usd) in a month...the entire market is way down.

You shouldn't look at price in USD, look at price in BTC for factom

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[sunrise.now]

Though it looks like Polo endeavour is over to bump FCT, its lucky  I got to know about this amazing project.

[Graciouz]

Most tokens failed to take advantage of its own ecosystem and that's why many of the ICO tokens will fail. Unless the token ecosystem is able to generate the demand of the token, otherwise, the price of the token will fail. This is why many people said that BTC is purely a security, not a utility, and demand is solely speculative without substance (no offense to BTC owners). So, when anyone invests in any tokens, please be sure to understand the ecosystem of the tokens, its tokenomics, and the ecosystem. If the token issuer is able to create a strong ecosystem to generate the demand of the token, then you can be assured that the price of the token will fly. This is the utmost importance to us as the crypto issuer.

[HVCC]

News Release: DHS Awards Austin-Based Factom, Inc. $192k for Blockchain Tech

(Source:
https://www.dhs.gov/science-and-technology/news/2018/06/15/news-release-dhs-awards-austin-based-factom-inc-192k)

Release Date: June 15, 2018
For Immediate Release
DHS S&T Press Office, (202) 254-2385

WASHINGTON – The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has awarded $192,380 to Factom, Inc., a start-up based in Austin, Texas, to begin beta testing of a capability that uses blockchain technology to secure Internet of Things (IoT) data. This award is part of the fourth and final phase of S&T’s Silicon Valley Innovation Program (SVIP).

“The early phases of Factom’s work has informed architecture choices and design decisions inherent in integrating blockchain with existing technologies,” said Anil John, S&T Identity Management Research and Development Program Manager. “In Phase IV, Factom will deploy this technology in a realistic field environment with Customs and Border Protection (CBP) to understand its operational impacts.”

Blockchain is a technology that is highly resistant to data modification. Transactions in a blockchain network are recorded as blocks of information in a chronological chain of data. Each chain is copied and kept synchronized across multiple nodes, or computers, making the system highly resilient to attacks or data loss. Data can be added to a blockchain, but no information in it can be modified retroactively or deleted without alerting users.

Factom’s project combines blockchain technology with critical infrastructure—such as sensors and cameras—to protect the integrity and authenticity of data collected by these devices. The capabilities developed by this project integrate with existing IoT devices and does not require the creation of blockchain-specific technology.

The final phase of the SVIP project will see Factom testing its capability in an outside environment with limited internet connectivity and in varied weather conditions to mimic the conditions under which U.S. Border Patrol agents operate. Factom’s goal is to demonstrate how IoT devices can maintain a high standard of reliability while eliminating the ability to spoof, modify or disrupt data from ground sensors and cameras. The end objective is to produce a commercially viable product ready to enter the market.

“Operational testing in a realistic U.S. Border Patrol environment will greatly benefit the development of this technology,” said Melissa Ho, SVIP Managing Director. “SVIP’s goal is to partner with companies to produce the best possible market-ready products that address homeland security needs and we feel that this project could reach that point.”

Companies participating in the SVIP are eligible for up to $800,000 in non-dilutive funding over four phases to adapt commercial technologies for homeland security use-cases.

For more information on current and future SVIP solicitations, visit https://www.dhs.gov/science-and-technology/svip or contact dhs-silicon-valley@hq.dhs.gov.

[bitChipper]

pretty typical for factom

big news on another milestone with a major client and price literally does nothing whatsoever

DHS phase 4 incoming, maybe this will add to more EC usage?

[sokicsokic]

news on blog
https://www.factom.com/blog/factom-hackathon-recap

[faragly]

new blog post by Matt Whittington

Public, Private or Somewhere In Between
https://www.factom.com/blog/public-private-or-in-between

[22naru]

I would've never thought that factom would end up having a such a downturn

The same could be said for the other cryptocurrencies. But as investor you should know that sooner or later a new bull market will emerge.

will take time, but for sure we will see new ATH for all good coins/projects .

[22naru]

News Release: DHS Awards Austin-Based Factom, Inc. $192k for Blockchain Tech

(Source:
https://www.dhs.gov/science-and-technology/news/2018/06/15/news-release-dhs-awards-austin-based-factom-inc-192k)

Release Date: June 15, 2018
For Immediate Release
DHS S&T Press Office, (202) 254-2385

WASHINGTON – The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has awarded $192,380 to Factom, Inc., a start-up based in Austin, Texas, to begin beta testing of a capability that uses blockchain technology to secure Internet of Things (IoT) data. This award is part of the fourth and final phase of S&T’s Silicon Valley Innovation Program (SVIP).

“The early phases of Factom’s work has informed architecture choices and design decisions inherent in integrating blockchain with existing technologies,” said Anil John, S&T Identity Management Research and Development Program Manager. “In Phase IV, Factom will deploy this technology in a realistic field environment with Customs and Border Protection (CBP) to understand its operational impacts.”

Blockchain is a technology that is highly resistant to data modification. Transactions in a blockchain network are recorded as blocks of information in a chronological chain of data. Each chain is copied and kept synchronized across multiple nodes, or computers, making the system highly resilient to attacks or data loss. Data can be added to a blockchain, but no information in it can be modified retroactively or deleted without alerting users.

Factom’s project combines blockchain technology with critical infrastructure—such as sensors and cameras—to protect the integrity and authenticity of data collected by these devices. The capabilities developed by this project integrate with existing IoT devices and does not require the creation of blockchain-specific technology.

The final phase of the SVIP project will see Factom testing its capability in an outside environment with limited internet connectivity and in varied weather conditions to mimic the conditions under which U.S. Border Patrol agents operate. Factom’s goal is to demonstrate how IoT devices can maintain a high standard of reliability while eliminating the ability to spoof, modify or disrupt data from ground sensors and cameras. The end objective is to produce a commercially viable product ready to enter the market.

“Operational testing in a realistic U.S. Border Patrol environment will greatly benefit the development of this technology,” said Melissa Ho, SVIP Managing Director. “SVIP’s goal is to partner with companies to produce the best possible market-ready products that address homeland security needs and we feel that this project could reach that point.”

Companies participating in the SVIP are eligible for up to $800,000 in non-dilutive funding over four phases to adapt commercial technologies for homeland security use-cases.

For more information on current and future SVIP solicitations, visit https://www.dhs.gov/science-and-technology/svip or contact dhs-silicon-valley@hq.dhs.gov.

a good read and lots of good news for FACTOM project and community.

[22naru]

̧̂̈̌̈̌++++We are so excited to welcome several new team members: VP of Product Mark Foster, Director of Project Management Joy Majors-Johnson, and DevOps Manager Ian Seyer! ++++

Read about their backgrounds and roles with Factom on our blog:
https://www.factom.com/blog/welcoming-new-team-members

[mishax1]

Factom deposits / withdrawals are disabled on Poloniex for a long time now.. what's up ?

[bitChipper]

I would've never thought that factom would end up having a such a downturn

The same could be said for the other cryptocurrencies. But as investor you should know that sooner or later a new bull market will emerge.

will take time, but for sure we will see new ATH for all good coins/projects .

If in January/December someone would show me the prices of certain cryptos in June I would cringe and maybe poop a little in my pants but I wouldn't be that surprised to be honest. If you have been in crypto for a while this kind of sick nasty volatility is something that comes with it.

It's the opposite feeling of cringing and pooping in my pants that enables me to hold and not worry even after my investment looses so much, like if someone showed me what crypto prices will be in June 2019 vs now, the euphoria and excitement associated could be priceless.

[wangxiaoyan600]

FACTOM's team is particularly active, and the team is injecting new blood.There was a lot of news about the project. It was great.

[Krezz2017]

I am somewhat surprised at the activity of the community in this branch against the background of a general drop in interest in crypto-currencies. The fall of the father - founder, carries a negative load on all other coins.

[22naru]

FACTOM's team is particularly active, and the team is injecting new blood.There was a lot of news about the project. It was great.

true that, lots of new members join the team:)

[Gwyn]

FACTOM's team is particularly active, and the team is injecting new blood.There was a lot of news about the project. It was great.

true that, lots of new members join the team:)

This is very necessary. Only when fresh blood is added, can it remain active. Waiting for the next bull market to come.

[Surf Capital Management]

anybody having issues with factom deposits on bittrex? blockchain explorer confirms funds were received to the bittrex account, but funds were never credited.

[faragly]

Some new links, I think you'll like it

Factom Inc., ANO Second Quarter 2018 Review
Factom instrumental in proof of evidence in Chinese legal battle
Sphereon brings Blockchain-anchored Proof of Authenticity to Kofax Capture

[bitChipper]

Some new links, I think you'll like it

Factom Inc., ANO Second Quarter 2018 Review
Factom instrumental in proof of evidence in Chinese legal battle
Sphereon brings Blockchain-anchored Proof of Authenticity to Kofax Capture

It's pretty powerful to see the authority nodes already having an impact on the adoption of the protocol, when many more get on boarded we could really start to see EC usage rise....if their solutions are used of course...the fate of factom really comes down to that simple question: Will existing companies use factom based solutions?

[erwan]

Factom has been created 4 years ago. It has addressed all the issues the blockchain faced before everyone else: stable coin for the final user, savings in energy, scalability, data oriented structure, implemented SegWit even before it was called this name...
It is business and service oriented. If the blockchain has to change the way we do business, the way we live... Factom is likely to be part of it.