Factom Inc. Announces Next Generation of Harmony

June 4, 2019
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AUSTIN, Texas, 06-04-2019 —  Factom, Inc. has announced the next generation of the Harmony platform, Harmony Integrate™. This next generation of the Harmony platform offers a way for enterprises to add data integrity and cryptographic auditability to existing processes.

In this iteration of Integrate, blockchain technology enhances enterprise business processes without the need to build new infrastructure. With the ability to model data-centric processes and decision making into cryptographically secure packages, customers are empowered to create programmatic trust. Packages are created at vital milestones within processes that require a definitive level of auditability.

Each package can be irrefutably proven via portable proofs and selective disclosure. The latter encourages the practice of minimum disclosure, ensuring that private data stays private. Proofs are secured within the Factom network and are interoperable across multiple data sources including Bitcoin or Ethereum blockchains, a traditional database and/or a distributed ledger (DLT).

“The Factom team continues making strides in bringing the emerging standards of W3C Verifiable Credentials into the enterprise market,” said CEO Paul Snow. “Integrate encourages the practice of minimum disclosure to tighten up security of critical data with portable proofs and selective disclosure secured by the Factom, Bitcoin, and Ethereum blockchains.”

Director of Product Carl DiClementi adds, “We’re excited to join major players in the Digital Identity space such as Microsoft, IBM, and Mastercard with support for W3C Decentralized Identifiers (DIDs), allowing Integrate to secure existing business processes. DIDs provide cryptographic proof that actors are who they say they are based on the programmatic trust that blockchain offers.”

With the launch of the Factom Harmony™ Blockchain-as-a-Service in 2017, each iteration has built upon one another. While Connect is a fast way for developers to get started with blockchain and test their ideas in a sandbox, Integrate facilitates independently verified processes and data integrity in support of collaboration, compliance, and audits. We believe Harmony Integrate is the next step for seamlessly adding data integrity and trust to existing workflows for enterprise solutions.

About Factom, Inc.
Factom, Inc. is a blockchain innovations company who built the Factom blockchain protocol in June 2014 and released it as open source in May 2018. We continue to support its advancement and adoption as an active contributor and community member.

Factom provides a Blockchain-as-a-Service platform, Factom Harmony, for data provenance and integrity solutions built on the Factom blockchain. We help our customers and partners build business-ready apps that preserve evidence, demonstrate compliance, increase process transparency, streamline quality control and audits, reduce cost, and automate transactions. All without cryptocurrency exposure or costly infrastructure. For more information, please visit factom.com.

POSTED: June 4, 2019 BY Courtney Casto
ABOUT THE AUTHOR

Beginning her career in the Texas State Legislature as a policy analyst and communications manager, Courtney has always been interested in communicating complex, ever-changing subjects to large groups of interested parties. Combining her love of people and words, she enjoys the challenge of educating others about blockchain.