Cities worldwide are anticipating to use connected inclination to improved lane and conduct all from traffic to pollution to disaster response. But those skeleton face a same confidence hurdles as any connected project, and a Austin-based data-security startup Factom is proposing a singular solution: regulating a digital banking network Bitcoin to reliably date-stamp and substantiate records.
Factom has recently inked dual growth deals that will assistance it secure information for cities. One, announced final week, will see Factom operative with a Chinese notarization use Ancun Zhengxin to build a information corroboration behind finish for companies. The second understanding is with record consultancy iSoftStone, that will work with Factom to directly request Bitcoin-based information confidence to intelligent cities, also starting in China.
According to a company, a need for a resolution is quite high there.
“The thing to know about China,” says Paul Snow, Factom’s arch architect, “is they have incomparable information firmness and trust issues than we have.” He points to a risk that contractors compulsory to accommodate closely tracked goals could feign information in their reports to cities, a digital chronicle of a kind of crime that has led to a call of infrastructure failures across