Factom – Storing Massive Corporate Data on the Bitcoin Blockchain

Finding Genius Podcast

Richard Jacobs

Medicine, Health & Fitness

4.4 • 1K Ratings

🗓️ 19 July 2017

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

When you're dealing with huge amounts of data, it's a lot more efficient to have an index to find what you're looking for. Essentially, that's how Factom works. David Johnston explains.
"At a high level, what Factom does is provide a data layer on top of the Blockchain… when I say a data layer, I mean Factom enables people and companies to secure huge amounts of data—we're talking millions or billions of records—publish them in Factom."
Doing this, Factom leverages the security of the Blockchain for private data. Since going live in 2015, Factom has secured 100 million records.
Hit play to learn more about Factom. Subscribe, review. And if you can, consider donating some Bitcoin to the cause. Every little bit helps.

Transcript

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0:00.0	out. Registered today for the Bitcoin, Ethereum, and Blockchain Superconference. Go to
0:05.4	Bitcoinsuperconference.com and register today as a super early bird to get the lowest rates
0:11.4	on tickets and hotel rooms. That's Bitcoinsuperconference.com.
0:17.5	Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs.
0:23.9	Future technologies, ways to transform our lives for better or worse, are the focus of this podcast.
0:29.6	Almost here means these technologies are now here and starting to be used.
0:33.6	We're just around the corner, from Bitcoin to artificial intelligence, 3D printing, blockchain,
0:40.0	virtual reality, and more.
0:42.5	Hi, this is Richard Jacobs with the Future Tech podcast.
0:46.3	My guest today is David Johnston, chairman of the board of Factum, F-A-C-T-O-M.
0:51.8	And we're going to be talking about what Factum does and some interesting things going on in the Bitcoin space, which is more dysfunctional than a Jerry Springer show.
1:01.5	Dave, how you doing?
1:02.8	I'm doing well, Richard. Good to talk with you.
1:04.8	Yeah. So can you start to tell listeners what Factam does, and then we'll get into your background a little bit?
1:11.0	Sure. happy to.
1:12.0	So at a high level, what Factum does is provide a data layer on top of the blockchain.
1:18.2	So when I say a data layer, I mean Factum enables companies and people to secure huge amounts
1:25.7	of data.
1:26.2	We're talking millions or even billions of records
1:29.1	and publish them in Factum. And Factum provides the service of anchoring all of that
1:35.2	data to the blockchain. So today we anchor into the Bitcoin blockchain. We've added the code
1:42.1	so that we can be in anchors in Ethereum. And we're committed to sort of anchor into lots of the ecosystems' public blockchain.
	...

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