Factom

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Band Protocol

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Factom

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Band Protocol

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What problem does this service solve?

Factom provides organizations with enhanced blokchain data storage. Their decentralized platform allows users to store more data and to audit it in real time.Band allows DApps to leverage off-chain data without compromising security,

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Company Description

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).

The Band Protocol is a decentralized data curation protocol that aims to connect off-chain data with smart contracts. Band provides community-curated on-chain data feeds, and uses a system of incentives that ensures the data stays accurate. Developers can create applications with the Band protocol's infrastructure and then connect with any open API without needing to rely on a centralized party.

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