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.
Factom Harmony solution 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. The Factom platform also completely removes the risk of lost or missing documents.
Harmony’s Audit Room provides lenders with a blockchain based document audit solution that supports review and assembly of the necessary loan documents for loan various audit types. Loan reviews to compliance reviews all require accurate and complete loan files for a successful audit. Harmony’s Audit Room significantly reduces the costs to all parties to review and audit the documents and data associated with the transaction. Additionally, Factom’s blockchain base Harmony solution supports storage of the audit results, findings, exceptions ratings, comments and defect reporting on each document.
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. Factom’s 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 and document issues and exceptions.
Harmony’s Due Diligence Room provides lenders with a blockchain based secure Due Diligence review solution that supports review and assembly of the necessary loan documents for loan due diligence. Where is it for file transfer, bulk or whole loan sales, conduit or securitization, Harmony’s Due Diligence Room significantly reduces the costs to all parties to review and audit the documents and data associated with the transaction. Additionally, Factom’s blockchain based Harmony solution supports storage of the due diligence results, findings, exceptions ratings, comments and defect reporting on each document.
Who is talking about us?
"By decentralizing data through the blockchain, Factom avoids critical failures due to user error or hacker."
"The US Department of Homeland Security has awarded Factom $199,000 to advance the security of digital identity for IoT devices."
"Factom has partnered with the government of Honduras on a new land title registry initiative"
"Factom is to integrate its technology with Ancun Zhengxin's electronic data notarization services in China."
"Factom ... is working with technology consulting firm iSoftStone to shape a smart city strategy."
"Provider of a data layer solution described as a giant database in which anyone can insert data directly on the Blockchain."
"to clean up the Property Institute in Honduras have asked Factom to provide a prototype of a blockchain-based land registry. "
"using the blockchain to build a permanent and secure land title record in Honduras, where land-grabbing and corruption are rife."
"Factom is working with a Central American client to try to get their system for registering land titles into a Blockchain."
"[The blockchain] brings a level of auditing that’s based on mathematics and not based on trusting a third party."
"Factom ... can reduce the cost and complexity of audit trails, managing records, and complying with government regulations."
"Blockchains are like the internet – they’re owned by everybody and nobody."
"The issue of lost tax returns is one that the startup Factom is using to illustrate the potential of its business."