[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 159.

CocoLibre

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Quote from: CocoLibre on November 23, 2016, 12:32:17 AM

Quote from: tempus on November 22, 2016, 03:55:42 PM

I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

This is a big deal, SmartTrac is the largest RFID provider in the world and currently produces 2.6 billion transponders annually and growing. After Dloc integration that number will likely rise and be backed by the Factom blockchain; pretty impressive news past few days or so regardless of what some daytraders on polo think.

I did some very loose calculations for what we can expect on a full roll out for entry consumption on this RFID partnership. At "full exposure" of the current RFID being produced by smart trac we could see on the low end 11.5 million entries a month or 140 million entries annually; on the high end 746 million entries per month, 8.9 billion entries annually.

Obviously these numbers are just a guess, we won't know more accurate numbers until after the presentation to the public next week. https://www.trustech-event.com/Trustech-exhibition-discover-the-International-event-of-payment/Cartes-trade-show-became-Trustech-discover-what-s-new/The-global-event-dedicated-to-payment-identification-and-mobility-Trustech-trust-based-technologies

If anyone is wondering where I got my data/sources I used this PDF https://www.smartrac-group.com/files/content/About%20us/SMARTRAC_Company_Presentation.pdf

CocoLibre

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Quote from: crazyivan on November 23, 2016, 01:03:07 AM

Quote from: CocoLibre on November 23, 2016, 01:00:29 AM

Quote from: crazyivan on November 23, 2016, 12:45:48 AM

Quote from: Pap0u on November 23, 2016, 12:30:41 AM

Quote from: tempus on November 22, 2016, 03:55:42 PM

I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

Great news and no market reaction yet. Pump incoming any second

Really strange. On the other hand, I m sure if some ass would start a forum thread saying there s some glitch in the Factom, people would dump immediately. Why FUD is always 10x stronger then really good news?

Its because all the FCT tokens are on polo and its easy for people to react to FUD on the spot vs other coins where they are forced to send them from wallets to the exchange and then sell; at which point the price has already dropped. As a result most people wont end participating in the overreaction and will often determine that its all unfounded bashing soon after. Once exodus has FCT inclusion the market will change quite a bit; won't be seeing insanely cheap loans anymore and sells walls will be drying up as shorts will have no excess supply to use.

Yes, there might be something to this hypothesis. People keep coins on Polo cause they have no real alternative and then send them to cheap margin loans which floods the market which cheap coins available for pumps and dumps. How long since testnet started? 2 weeks?

Formal testnet announcement was on nov 7th, so yes, we have just entered the 3rd week of testing yesterday. https://www.factom.com/blog/factom-launches-federated-testnet

crazyivan

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Quote from: CocoLibre on November 23, 2016, 01:00:29 AM

Quote from: crazyivan on November 23, 2016, 12:45:48 AM

Quote from: Pap0u on November 23, 2016, 12:30:41 AM

Quote from: tempus on November 22, 2016, 03:55:42 PM

I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

Great news and no market reaction yet. Pump incoming any second

Really strange. On the other hand, I m sure if some ass would start a forum thread saying there s some glitch in the Factom, people would dump immediately. Why FUD is always 10x stronger then really good news?

Its because all the FCT tokens are on polo and its easy for people to react to FUD on the spot vs other coins where they are forced to send them from wallets to the exchange and then sell; at which point the price has already dropped. As a result most people wont end participating in the overreaction and will often determine that its all unfounded bashing soon after. Once exodus has FCT inclusion the market will change quite a bit; won't be seeing insanely cheap loans anymore and sells walls will be drying up as shorts will have no excess supply to use.

Yes, there might be something to this hypothesis. People keep coins on Polo cause they have no real alternative and then send them to cheap margin loans which floods the market which cheap coins available for pumps and dumps. How long since testnet started? 2 weeks?

CocoLibre

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Quote from: crazyivan on November 23, 2016, 12:45:48 AM

Quote from: Pap0u on November 23, 2016, 12:30:41 AM

Quote from: tempus on November 22, 2016, 03:55:42 PM

I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

Great news and no market reaction yet. Pump incoming any second

Really strange. On the other hand, I m sure if some ass would start a forum thread saying there s some glitch in the Factom, people would dump immediately. Why FUD is always 10x stronger then really good news?

Its because all the FCT tokens are on polo and its easy for people to react to FUD on the spot vs other coins where they are forced to send them from wallets to the exchange and then sell; at which point the price has already dropped. As a result most people wont end participating in the overreaction and will often determine that its all unfounded bashing soon after. Once exodus has FCT inclusion the market will change quite a bit; won't be seeing insanely cheap loans anymore and sells walls will be drying up as shorts will have no excess supply to use.

crazyivan

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Quote from: Pap0u on November 23, 2016, 12:30:41 AM

Quote from: tempus on November 22, 2016, 03:55:42 PM

I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

Great news and no market reaction yet. Pump incoming any second

Really strange. On the other hand, I m sure if some ass would start a forum thread saying there s some glitch in the Factom, people would dump immediately. Why FUD is always 10x stronger then really good news?

CocoLibre

full member

Activity: 129

Merit: 100

Quote from: tempus on November 22, 2016, 03:55:42 PM

I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

This is a big deal, SmartTrac is the largest RFID provider in the world and currently produces 2.6 billion transponders annually and growing. After Dloc integration that number will likely rise and be backed by the Factom blockchain; pretty impressive news past few days or so regardless of what some daytraders on polo think.

Pap0u

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Activity: 644

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Quote from: tempus on November 22, 2016, 03:55:42 PM

I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

Great news and no market reaction yet. Pump incoming any second

Freckleg

hero member

Activity: 508

Merit: 500

Quote from: tempus on November 22, 2016, 03:55:42 PM

I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

Indeed and if you read the article list below it is quite impressive. And this is only from the last two months:

Related Articles

Factom gets Bill & Melinda Gates Foundation grant to secure medical records on the blockchain
Blockchain start-up Factom raises $4.2m Series A funding
US Department of Homeland Security awards Factom funding for blockchain IoT project
Factom secures important paper documents on the blockchain with Smartrac

tempus

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Activity: 1960

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I'm surprised that this doesn't get more attention until now:

Factom secures important paper documents on the blockchain with Smartrac
https://uk.finance.yahoo.com/news/factom-secures-important-paper-documents-091207833.html

Maybe not the biggest thing right now, but it seems to have some potential.

lolikop

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Activity: 644

Merit: 500

Quote from: crazyivan on November 22, 2016, 03:43:19 PM

Quote from: Ahaezod on November 22, 2016, 03:14:43 PM

Quote from: crazyivan on November 22, 2016, 02:39:45 PM

Quote from: lolikop on November 22, 2016, 12:42:45 PM

Quote from: Capoboss on November 22, 2016, 12:39:17 PM

Does someone know how long it takes for exodus to implement FCT once M2 is out?

They allready got it ready just waiting for m2 release

Where did you get this info from? It would definitely add a lot of usability to Factom cause current wallet is UGH!

http://support.exodus.io/knowledge_base/topics/when-will-exodus-support-monero-factom-or-other-blockchain-assets

that redirects to:

http://woobull.com/exodus-wallet-roadmap-a-list-of-upcoming-asset-support/

It says waiting for milestone 2. It does not say it s already finished and waiting just for M2. Big difference.

Instant send means immediatly available after m2 release it has allready been coded just waiting for testnet to finnish

crazyivan

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Quote from: Ahaezod on November 22, 2016, 03:14:43 PM

Quote from: crazyivan on November 22, 2016, 02:39:45 PM

Quote from: lolikop on November 22, 2016, 12:42:45 PM

Quote from: Capoboss on November 22, 2016, 12:39:17 PM

Does someone know how long it takes for exodus to implement FCT once M2 is out?

They allready got it ready just waiting for m2 release

Where did you get this info from? It would definitely add a lot of usability to Factom cause current wallet is UGH!

http://support.exodus.io/knowledge_base/topics/when-will-exodus-support-monero-factom-or-other-blockchain-assets

that redirects to:

http://woobull.com/exodus-wallet-roadmap-a-list-of-upcoming-asset-support/

It says waiting for milestone 2. It does not say it s already finished and waiting just for M2. Big difference.

Ahaezod

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Quote from: crazyivan on November 22, 2016, 02:39:45 PM

Quote from: lolikop on November 22, 2016, 12:42:45 PM

Quote from: Capoboss on November 22, 2016, 12:39:17 PM

Does someone know how long it takes for exodus to implement FCT once M2 is out?

They allready got it ready just waiting for m2 release

Where did you get this info from? It would definitely add a lot of usability to Factom cause current wallet is UGH!

http://support.exodus.io/knowledge_base/topics/when-will-exodus-support-monero-factom-or-other-blockchain-assets

that redirects to:

http://woobull.com/exodus-wallet-roadmap-a-list-of-upcoming-asset-support/

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: lolikop on November 22, 2016, 12:42:45 PM

Quote from: Capoboss on November 22, 2016, 12:39:17 PM

Does someone know how long it takes for exodus to implement FCT once M2 is out?

They allready got it ready just waiting for m2 release

Where did you get this info from? It would definitely add a lot of usability to Factom cause current wallet is UGH!

lolikop

hero member

Activity: 644

Merit: 500

Quote from: Capoboss on November 22, 2016, 12:39:17 PM

Does someone know how long it takes for exodus to implement FCT once M2 is out?

They allready got it ready just waiting for m2 release

AlanX

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Quote from: addias on November 22, 2016, 12:48:37 AM

What are the concerns with medical records on the block chain and Protected health information?

Privacy is a much greater concern in the developed world than in the developing world. Take a country in Africa, where the problem is delivering care effectively, with the records of past treatments per patient. There is less of a concern about privacy because people are dying, and the infrastructure is a patch work of efforts across possibly a number of NGOs and government programs.

Our focus is on ensuring doctors have the information they need to treat an individual. Privacy is important, but secondary.

Capoboss

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Does someone know how long it takes for exodus to implement FCT once M2 is out?

CanaryInTheMine

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between a rock and a block!

Quote from: Freckleg on November 22, 2016, 02:08:11 AM

Quote from: addias on November 22, 2016, 12:48:37 AM

What are the concerns with medical records on the block chain and Protected health information?

hashes are stored being a reference to a record, the actual record itself will not be stored on the blockchain

I think this is a pretty succinct description of how blockchains would be used with information that is governed by privacy and other laws. The interesting part of the technology has nothing to do with what info goes into the Blockchain (existing laws and regulations will be followed) but with how it changes interaction due to change of info control and disintermediation. In healthcare for example, one often hears of patient/Doctor relationship, which isn't just that today in ANY health system on Earth... With blockchains we have the tech to make it patient <-> Doctor relationship to the fullest. Whether the tech gets adopted fully in healthcare setting is what we shall see.

lolikop

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Dont know about u guys but i see a handle being formed at the 3d chart

astmandu

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Whoever is running that bot that buys or sells approximately 1100 FCT at a time...always flashing and changes bid or ask prices, I'd kinda like to throat punch you...drives me insane! Wink

Mrboot

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Quote from: CocoLibre on November 22, 2016, 05:41:49 AM

Quote from: customer73 on November 22, 2016, 05:09:26 AM

Quote from: BlackJacky on November 20, 2016, 04:24:24 PM

In case this has not been posted yet. Here is an email interview with Factom’s CEO and Co-Founder Peter Kirby:

https://btcmanager.com/news/finance/factom-awarded-grant-from-bill-and-melinda-gates-foundation-interview-with-peter-kirby/

Could Microsoft buy Factom Company in the future? Huh

Its quite possible, or another large corporate legacy system that needs to insulate itself from disruption such as Oracle.

Yea they might try, but eventually FCT can become bigger then oracle. Also its hard to guess the market for it and valuation.
Cause Oracle can also use factom to store data instead of buying factom. This will increase the entry's but not specific the value for
factom the company (beside their current fct holdings).

So i doubt oracle will buy factom, cause they can easly co exsist. Remember factom is open source and everyone can make their software adopt factom and use the factom chain.

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 159. (Read 2115898 times)