Factom (FCT)

Factom (FCT) provides a blockchain-as-a-service platform for data provenance and integrity solutions built on the Factom blockchain. Organizations can use Factom to document their information so that it cannot be deleted or tampered with, thereby enhancing transparency.Established in 2014, the Factom project was designed to address the difficulty in protecting, verifying, and synchronizing distributed records and documents. Factom was accepted into the Plug and Play FinTech accelerator in 2015 and was chosen as one of Austin’s A-List start-ups in 2016. In 2017, Factom raised approximately $8 million in a Series A led by Tim Draper of Draper Associates. The funding was used to build Factom Harmony, a Blockchain-as-a-Service platform which provides a suite of REST APIs and managed services for enterprises to build apps that preserve evidence, demonstrate compliance, increase process transparency, streamline audits, reduce cost, and automate transactions.