Blocksafe

by Blocksafe Holdings Inc.

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Factom

by Factom

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Blocksafe

by Blocksafe Holdings Inc.

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Factom

by Factom

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What problem does this service solve?

Blocksafe wants to use a blockchain to allow gun holders and law enforcement officers to securely and anonymously track their guns.Factom provides organizations with enhanced blokchain data storage. Their decentralized platform allows users to store more data and to audit it in real time.

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Company Description

Blocksafe is developing a blockchain platform for gun owners that will allow them to store, and track, information about their firearms. Blocksafe hopes to use blockchain to create an anoynmous and secure platform for smartguns, that are equipped with RFID monitoring technology. Their online portal will allow law enforcement, and gun holders, to self-monitor their firearms in real-time. The ability to track the location and use of weapons has the potential to significantly reduce gang violence, terrorist attacks, accidental gun discharges, and mass shootings. The Blocksafe network is powered by the native Triggers (TRIG) token.

Factom is a decentralized data storage platform that augments the storage and auditing capabilities of the Bitcoin blockchain. Factom provides an an additional data layer that allows users to store and audit data more efficiently and to overcome the storage limitations caused by small block sizes. It also allows organizations to leverage the benefits of blockchain, while providing a mechanism for auditing and ensuring relevant compliance. Factom offers an API that can be used to develop decentralized projects, and is designed to assist government agencies, businesses, and non-profits. The blockchain has a hybrid consensus mechanism, with elements of Proof-of-Existence (PoE), Proof-of-Process (PoP), and Proof-of-Audit (PoA).

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