Factom, a startup that developers solutions that leverages a bitcoin blockchain has lifted $4.2 million in a new turn of appropriation led by Tim Draper of Draper Associates.
Factom Inc., a blockchain record association that has formerly suggested vital projects such as creating land titles around a bitcoin blockchain in Honduras, has announced a Series A turn of equity appropriation for $4.2 million.
Led by Tim Draper of Draper Associates, a appropriation turn will serve assistance in bringing in new crew and in a growth of Factom program that leverages a bitcoin blockchain for real-world applications.
In statements, Factom CEO and co-founder Peter Kirby said:
This turn of appropriation allows us to aggressively grow a association and a underlying technology.
Lead financier Tim Draper sees decentralized, blockchain-secured information as a resolution to many core concerns in infrastructure opposite several industries. Putting a pin on a flourishing regard of hacking and information tampering, Draper sees governments, banks, automobile manufacturers and retailers among other attention sectors receptive to a high pitfalls of information hacking.
Centralized information is disposed to vicious disaster by any