Factom Lands Smart-City Deal With China
With an eye to the future, China’s government is working with Factom, a blockchain based record verification and auditing infrastructure company along with consulting firm iSoftStone to plan blockchain based administration projects for smart cities. The plan will include strategies for storage, auditing and verification services.
Named after the Factom brand, Factoids, a token value, are issues and transferred among users who purchase entry credits and record entries. Factom servers will create entry blocks and directory blocks. The hashing of directory blocks is secured onto the blockchain.
https://www.cryptocoinsnews.com/factom-lands-smart-city-deal-china/
Topic: [2016-01-06] Factom Lands Smart-City Deal With China (Read 235 times)
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