Factom is helping to bring blockchain to the real estate industry through its technology offering.
The Factom Blockchain is a decentralized publication protocol for building record systems that are immutable and independently verifiable. The company offers a blockchain-as-a-service platform, which it calls Factom Harmony. The platform integrates directly with existing software to provide a blockchain backend to these systems, ultimately saving the lender, servicer, loan originator or others time auditing, proving decisions with indisputable evidence and saving money in costly litigation. In November, the company rolled out Harmony Connect, which the company claims is the fastest way to add blockchain capabilities to an app without managing cryptocurrencies, wallets or network nodes.