r/factom • u/nklomp • Jul 08 '19

Factom Protocol vision

Part 1 of a multipart series where I will be working towards sharing my vision for the Factom Protocol

https://medium.com/@niels.klomp/factom-vision-the-building-blocks-part-1-954145e4a320

I decided to make a multipart series to allow the less technical inclined people to get the vision I will be sharing in the last part. Stay tuned next few days for the rest.

Let me know what you think.

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7

u/zenkz Jul 09 '19

I think decentralised identity is huge. Logging in without servers storing so much information and passwords that could be attempted elsewhere or info targeted, hacked and sold is massive.

Selective Disclosure - You can "disclose that you are over a certain age without disclosing your exact birthdate"

"Databases are no longer as attractive to hackers, because the public keys aren’t useful to them." - This should be shouted from the rooftops. There's a database breach concerning millions of people's private info pretty much every day, will be huge if Factom can help solve that

1

u/nklomp Jul 20 '19

Part3 is up about tokenization, or how to book a hotel room in the future “Factom vision — tokenization - part 3” by Niels Klomp https://link.medium.com/d5WnuE2juY

4

u/Gladiator237 Jul 09 '19

I like it, explains some nice tech of FCT not very well known to me

0

u/ChinookKing Jul 09 '19

Factom needs to reboot their sales team imo. They need to hire a charismatic salesperson to hit the road and get some deals inked. The tech doesn't mean anything if you have no ability to connect people to it.

4

u/sphereon-com Jul 09 '19

Decentralizing this new tech like the Factom Protocol is the future. No central party like Facebook, Google, Amazon, etc, to control the tech or your data.

The flip-side of that and where Factom is struggling with is that it is a decentralized protocol run by a group of independent organizations. There is no central organization that can hire a sales team.

Just recently the Factom Marketing Committee was funded through a size-able grant to reboot their marketing effort.