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Author Topic: [2014-11-19] CD: Factom Outlines Record-Keeping Network that Utilises BTC  (Read 642 times)
LiteCoinGuy
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November 19, 2014, 04:12:30 PM
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Factom Outlines Record-Keeping Network That Utilises Bitcoin's Blockchain

A new white paper from the Factom team outlines a conceptual framework for a system that secures and proves the authenticity of records, documents or other important types of data that are later enshrined on the bitcoin blockchain.

The concept of using the blockchain to cryptographically prove the 'truth' of a piece of information is one of the cornerstones of the crypto 2.0 movement, and the concept itself has been implemented in the past.

http://www.coindesk.com/factom-white-paper-outlines-record-keeping-layer-bitcoin/

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