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930: Using Blockchain to Solve Real-World Business Problems

The Factom® Protocol is a blockchain utilized by the U.S. Department of Homeland Security, the Bill & Melinda Gates Foundation and other leading enterprises.

The technology provides high throughput and easy integration into legacy systems, without the need to handle cryptocurrency. The protocol allows fixed costs to accurately budget projects, while securing unlimited data via simple API integrations.

The Factom Protocol also provides an enterprise-grade, developer-friendly platform to efficiently build blockchain solutions. Factom has demonstrated its ability to act as the standard in data integrity for government and industry, with real-world use in medical research, courtrooms, border security, and more.

Paul Snow is the founder and CEO at Factom. I invited him onto my podcast to learn more from the creator of the first blockchain technology built from the ground up, to solve real-world business problems.

Paul’s innovative approach to software and application engineering has spawned a litany of inventive open-source companies and solutions that have paved the way for Factom. A true open-source evangelist, Paul also acts as Founder and Chief Architect for DTRules, an open-source project he founded in 2004 to make Decision Table based Rules Engines available to all sorts of projects.

 Paul and I discuss:

  • Developments with Factom protocol and in Factom Inc, the high profile partnerships the network has secured, and upcoming milestones for the company
  • The wider context of enterprise adoption of blockchain technology and the barriers to entry for traditional business rooted in blockchain’s lack of accessibility 
  • The importance of improving the security of data storage and sharing for enterprises and whether or not this use case can be blockchain’s killer app 

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