Factom — David Johnston, Chairman Of The Board — Blockchain-Based Platform That Secures And Validates Digital Documents And Assets
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 8 February 2018
⏱️ 24 minutes
🧾️ Download transcript
Summary
One of the biggest problems with the mortgage industry is that in order for a mortgage to be finalized, hundreds of documents need to be validated by a third-party–hiring an auditor to do this is costly, and can take up to 45 days for each mortgage. Factom Harmony was designed to solve this problem, by storing and validating these documents on the blockchain.
This makes documents quickly and simply auditable by any third party, and can easily alert the necessary people when documents are missing, which will ultimately reduce the cost of getting a mortgage, and can lead to more people being approved for mortgages. David also discusses what he sees as the adoption trends of blockchain technology by large enterprises and government agencies, crossovers to other industries, and what trends we might see in 2018.
Factom will be present at the Bitcoin, Ethereum, and Blockchain Superconference in Dallas, Texas February 16-18, and David gives us a sneak peek at what he will discuss at the conference, including the power of blockchain to decentralize enterprises and industries that are traditionally centralized, and give us some real-world use cases.
For more information, visit www.factom.com.
Transcript
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| 0:00.0 | The Bitcoin, Ethereum, and Blockchain Super Conference is coming to Dallas, Texas, February 16, 17, and 18 in 2018. |
| 0:09.0 | If you know of a better way to get the latest insider knowledge about crypto, to hear directly from the top minds in this field, |
| 0:16.0 | to interact personally with 800 fellow crypto lovers, hodlers, investors, miners, traders, developers, |
| 0:22.9 | and founders, then I'd like to hear about it. |
| 0:25.9 | If you don't, then you don't want to miss out. |
| 0:29.0 | Registered today for the Bitcoin, Ethereum, and Blockchain Superconference. |
| 0:33.1 | Go to Bitcoin Superconference.com and register today as a super early bird to get the lowest rates on tickets and hotel rooms. |
| 0:41.4 | That's Bitcoin superconference.com. |
| 0:45.4 | Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.7 | Future Technologies always to transform our lives for better or worse or the focus of |
| 0:56.2 | this podcast. |
| 0:57.4 | Almost here means these technologies are now here and starting to be used. |
| 1:01.5 | We're just around the corner. |
| 1:03.6 | From Bitcoin to artificial intelligence, 3D printing, blockchain, virtual reality, and more. |
| 1:11.4 | Hello, this is Richard Jacobs with Future Tech Podcast. I have a recurring guest, David |
| 1:16.2 | Johnston, head of Factum. Dave, how you doing? I'm doing great, Rich. How are you? Doing good. |
| 1:21.8 | You know, for listeners, we've had David on a couple times, very well spoken about the crypto |
| 1:26.6 | world, knows a lot of stuff, |
| 1:28.1 | and I always enjoy speaking to him. So thanks for coming. |
| 1:30.9 | Yeah, happy to be here. |
| 1:32.0 | I've served as a chairman for fact and for a long time. |
| 1:35.4 | I'm really passionate about the technology. |
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