Category Archives: Factom Use Cases

Factom Has First 1 Million Transaction Customer Live on Mainnet With More To Come

3rd September 2018

World Blockchain Forum, London, September 3rd, 2018

Sphereon is happy to announce bringing its first 1 million transactions customer live into production on the Factom mainnet.

As of today, we have our first customer live in production on the Factom mainnet. The customer is expected to register an estimated volume of 1 million transactions per year, as a result of anchoring and signing its incoming documents for Proof of Authenticity and Proof of Existence.

Our Blockchain-as-a-Service solution creates digital fingerprints(hash) of documents and stores them in a blockchain. Once committed any change in the original document would create a new hash and not match the one stored in the blockchain.

This allows any stakeholder to determine if the original document …

Blockchain Solutions For The Medical Industry

5th June 2018

Healthcare in the Digital Age

The information era has revolutionized healthcare. Patient records are accessible at the click of a button, facilitating better diagnoses and improving patient outcomes. Yet despite these advances, there is a long way to go. The proliferation of data services who store this critical information has resulted in a patchwork of competing systems that is difficult to navigate, hampering accessibility to patient data when crossing platforms. A recent MIT technology review found 26 different electronic medical record systems being used in the Boston area alone! Such examples illustrate the drastic need for a distributed, easily accessible network.

Blockchain technology presents a tantalizing solution to this problem. Distributed ledger technology (DLT) can be leveraged to eliminate the …

The Top Blockchain Solution For Supply Chain Management

4th June 2018

Value Proposition

Global supply chains account for a total market value of $40 trillion annually, and stand to benefit greatly from the latest advances in blockchain technology. This vast global network is uniquely positioned to take advantage of the new tools being developed to improve supply chain efficiency and functionality. Deloitte recently noted the potential for blockchain to improve supply chain transparency and traceability, stating:

“Blockchain can enable more transparent and accurate end-to-end tracking in the supply chain: Organizations can digitize physical assets and create a decentralized immutable record of all transactions, making it possible to track assets from production to delivery or use by end user. This increased supply chain transparency provides more visibility to both businesses