Factom Solutions

Factom® blockchain technology can be adapted to almost any organization.

Factom® technology is leading the world in applying blockchain solutions to Enterprise, Government and Non-Profit systems. The Factom® data layer provides active solutions for compliance, identity, transparent assets, and securities. With the Factom® data layer, our solutions can sustainably scale and be customized to the needs of all sized businesses at a low cost. With the ability to anchor into a secure, decentralized network, your data has never be more secure.

Using Factom® data-layer solutions will save your company time and money on auditing tasks that can keep your people from focusing on customers and big picture initiatives. Factom® technology is also architected to integrate seamlessly with legacy systems so companies can apply a blockchain backend to secure almost any system.

Our Solutions

Regulatory Auditing and Litigation

Factom Harmony provides a single, comprehensive, secure and unalterable document catalogue that eliminates the costs of document assembly and saves lenders time by consolidating document storage. With this streamlined platform, lenders can quickly and easily provide the auditors with credentials to the associated files. Using the Factom Harmony platform will remove the risk of lost or missing documents.

Providing lenders with a blockchain based document audit solution that supports review and assembly of the necessary loan documents for all audit types. Loan reviews for compliance all require accurate and complete loan files for a successful audit. Using the Factom Harmony collaborative blockchain platform supports storage of the audit results, findings, exceptions ratings, comments and defect reporting on each document.

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Quality Control

Documentation errors are the #1 source of defects and create false impressions of poor quality and generate excessive costs and challenges to the Quality Control process.The Factom Harmony solution provides a single, comprehensive, secure and unalterable document catalogue that eliminates the costs of document assembly and saves lenders time and money by assuring a single source for final documents. Harmony eliminates duplicate documents, lost documents, document issues, and exceptions.

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Mergers and Acquisition Due Diligence

Factom Harmony will provide lenders with a blockchain based secure solution for the review and assembly of documents in a loan due diligence process. Whether it is for file transfer, bulk or whole loan sales, conduit or securitization, the costs will be significantly reduced to all parties to review and audit the documents and data associated with the transaction. Additionally, the Factom® blockchain based Harmony solution supports storage of the due diligence results, findings, exceptions ratings, comments and defect reporting on each document.

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Document Authentication

The dLoc solution allows issuing agencies or entities to turn their offline documents into digital instances that can be easily connected to the existing digital systems and bridge the gap between the offline and online worlds. This solution can be applied to a wide range of documents such as birth certificates, land titles, court, and medical records (often referred to as breeder documents).

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ID Document Chain

Establishing an identity with digital instances over time makes it harder for that identity to be stolen or manipulated. The linking of the e-PP and e-ID ecosystems to a public blockchain along with the dLoc system will take the world of digital ID's to the next level. Linking an identity across multiple platforms, having it verified over longs periods of time will create an identity that to if hacked or stolen, someone must delete all the verified versions of that identity over multiple platforms. Making the practice of digital ID theft nearly impossible.

Chains of identity over time, leveraging the power of a blockchain, if the physical document is lost, the proof from verified sources of truth already established in the system that the document did exist at one point in time. Making re-issuance of documentation possible from any physical location.

Explore dLoc by SMARTRAC

Near Field Communication (NFC) RFI Solution

Have an end to end secure document combining both hardware and software. Attaching an adhesive SMARTRAC encoded NFC transponder to any document makes it secured by SMARTRAC and the Factom public blockchain. Combining the SMARTRAC cloud-based system and the Factom blockchain an immutable identity is being created over time for the specific document. Access is the available through the dLoc mobile app, allowing people with certain levels of clearance to accessible by dLoc mobile app.

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Who is talking about us?

International Business Times
Inc.
Wall Street Journal
RFID Journal
International Business Times
Smartrac
TechCrunch
Reuters
International Business Times
International Business Times
Yahoo News
Business Insider
The Economist
Reuters
BBC News
Financial Times
MIT Technology Review
The Irish Times
The Wall Street Journal
How blockchain is simplifying the US mortgage market

"Factom Harmony provides a single permanent document catalog that eases the pain and cost of audits..."

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Blockchain For Dummies May Just Make You Smarter

"Factom is working on redundant record keeping problems, proof of compliance, and data integrity."

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Homeland Security Looks To Blockchain To Track People, Goods Across Borders

"...identifying details about a transaction permanently, securing them cryptographically so that they cannot be changed."

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Blockchain Secures Document Authenticity With Smartrac's dLoc Solution

"dLoc solution stores encrypted data about a document that can only be unlocked and read by authorized parties... "

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Factom secures important paper documents on the blockchain with Smartrac

"the value itself and every verification process is recorded in Smart Cosmos and the Factom Blockchain..."

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Smartrac Launches dLoc – a Breakthrough Document Authentication Solution Leveraging Blockchain

"dLoc’s data and identity authentication solution holds great promise for both public and private sectors..."

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Blockchain is empowering the future of insurance

"Platform-creating startups like Factom facilitate highly specific insurance policies."

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Billionaire investor Draper leads $4.2 million funding in U.S. blockchain start-up

"By decentralizing data through the blockchain, Factom avoids critical failures due to user error or hacker."

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US Department of Homeland Security awards Factom funding for blockchain IoT project

"The US Department of Homeland Security has awarded Factom $199,000 to advance the security of digital identity for IoT devices."

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Factom inks another deal in China, this time for blockchain notarisation services

"Factom is to integrate its technology with Ancun Zhengxin's electronic data notarization services in China."

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Factom signs smart city deal to roll out blockchain verification across China

"Factom ... is working with technology consulting firm iSoftStone to shape a smart city strategy."

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This epic slideshow tells you everything you need to know about bitcoin and blockchain right now

"Provider of a data layer solution described as a giant database in which anyone can insert data directly on the Blockchain."

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The Great Chain of being sure about Things

"It offers a way for people who do not know or trust each other to create a record..."

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Betting on blockchain: firms seek fortune in bitcoin's plumbing

"It's about a giant distributed ledger that you can write anything to and never unwrite it."

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Bitcoin's baby: Blockchain's 'tamper-proof' revolution

"[what else can Blockchain be used for] any kind of data you can think of that is transactional in nature & requires immutability"

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Nasdaq adopts bitcoin backbone for stocks

"[The blockchain] brings a level of auditing that’s based on mathematics and not based on trusting a third party."

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Why Bitcoin Could Be Much More Than a Currency

"Factom ... can reduce the cost and complexity of audit trails, managing records, and complying with government regulations."

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How the Isle of Man aims to become the bitcoin capital of the world

"Blockchains are like the internet – they’re owned by everybody and nobody."

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BitBeat: Dell Takes Bitcoin Into Canada, the U.K.

"The issue of lost tax returns is one that the startup Factom is using to illustrate the potential of its business."

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