why is Factom a good project?

why is Factom a good project?

Factom (FCT) has always had one focus which is data. The concept of tokens or transferring value is widely supported by the crypto community but it’s also crowded with similar projects in this area.

After following Ethereum’s lead, Factom project started as an idea of handling data through blockchain and creating new systems that would largely outperform traditional methods.

Like for example logistics and supply-chain, how could we benefit from a blockchain solution? Factom plans to bring us the answers to these questions.

Not only this but they will also be targeting through their new project “Factom Harmony” the mortgage industry and they have clients such as the Bill and Melinda Gates Foundation.

This approach is one of the most potentially game-changing ones for the financial upside of using a decentralized database.

Paul Snow, on one of the comments he regularly makes on Slack, said that a lot of the applications that Factom (FCT) has kept in the oven will be released for 2018. You can read what he said through the quote:

“We will be displacing tons of non-scalable blockchain approaches in the coming year. We remain the only pure Data Play in the blockchain space. And we still believe the future of Blockchain Technology in Enterprise is not tokens, but data.”