• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Bitcoinist Factom Coinapult
Nexo

[VIDEO] Factom Partners With Coinapult As It Preps Software Sale

Connie by Connie
7 years ago
in Bitcoin, Bitcoin Technology, Companies, News, News teaser, Press releases
0

Coinapult and Factom have struck a strategic partnership! As part of the collaboration, Coinapult will leverage Factom’s technology to enhance their transparency efforts, and Factom will use Coinapult as an important part of hedging value collected during its factoid software sale.

Also read: Tradle and Factom: Delivering Blockchain Economies Of Scale

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Peter Kirby, President of Factom, commented on the partnership, stating:

Factom’s immutable ledger technology can help Coinapult create more transparent and accountable records to serve their customers better. Factom is excited about the opportunity to use Coinapult to manage our funds effectively and build a strong financial footing for the foundation. As these technologies in the blockchain space evolve, we’re excited to partner with people we know and trust, and build this new world together.

Coinapult CEO, Ira Miller, had the following to say:

Coinapult melds trustless, blockchain-based tokens like Bitcoin with familiar assets like US dollars. These are notoriously different and incompatible. Factom allows us to bridge the gap by digitally tagging and verifying centralized assets. Factom lets Locks act more like a cryptocurrency by limiting the trust required.

It is always the right time for transparency. Now is just the first time this sort of thing is possible. Factom didn’t exist until recently, nor did other cool projects like tlsnotify. This really is the bleeding edge.

About The Parties

Who is Coinapult?

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Coinapult is a cryptocurrency wallet and broker, which has been lowering costs and other barriers to entry since Jan. 2012. Coinapult’s Locks service is a fast and simple way to use Bitcoin without worrying about price volatility. Locks deposits are 100% backed by the Lock asset (i.e. USD) and are redeemable on demand for bitcoins.

Who is Factom?

Factom is a generalized data layer for the blockchain that allows users to publish and verify any kind of digital information. The Factom technology is especially compelling for those who want to build trust with users by providing complete transparency and real time audit ability of their systems of record, while at the same time maintaining user privacy. Blockchain based authenticity verification and auditing of document and offers significant value for any business process one wants to make honest and accountable.

What is Coinapult going to use Factom for?

Coinapult’s token transaction transparency strategy focuses on eliminating trust through cryptography. The Factom technology uses the same cryptography behind Bitcoin to mathematically prove the existence of any data it receives by hashing that data and embedding the resultant traces into the Bitcoin blockchain. This creates a provably time-stamped record keeping system capable of maintaining a near real-time, unforgeable audit trail of Coinapult’s asset inventory reports, published by its custodian partners.

What is Factom using Coinapult for?

Factom has selected Coinapult to be one of its partners on its asset allocation model. More details will be announced in the coming weeks, along with a breakdown of the best practices Factom will employ in its software sale. Since Coinapult can offer a wide variety of exchange integration and over the counter trading, this shields the value the Factom Foundation collects from price swings associated in the market and preserves the value contributed by Factoid purchasers.

To learn more about the new partnership, watch the Factom and Coinapult collaboration announcement video below.

What are your thoughts? Does this sound like a promising partnership? Sound off in the comments.

Image designed by Connie

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Connie

Connie

Entrepreneur living in Atlanta with an interest in the emerging decentralized economy.

Related Posts

How Gnox (GNOX) Is Battling “Bitcoin Is Dead” Search Results Within Google And Why Solana (SOL) Or Shiba Inu (SHIB) May Be Better Investment Options

How Gnox (GNOX) Is Battling “Bitcoin Is Dead” Search Results Within Google And Why Solana (SOL) Or Shiba Inu (SHIB) May Be Better Investment Options

2 hours ago
North Korean Hackers

North Korean Hackers Suspected Of Perpetrating $100 Million Harmony Attack

2 hours ago
XT.com Welcomes Cryptostone (CPS) to Its Growing Exchange

XT.com Welcomes Cryptostone (CPS) to Its Growing Exchange

5 hours ago
DecentWorld Launches Secondary Market – NFT Trading is Now Easier Than Ever

DecentWorld Launches Secondary Market – NFT Trading is Now Easier Than Ever

5 hours ago
Can Gorilix DeFi take crypto further than Binance and Crypto.com

Can Gorilix DeFi take crypto further than Binance and Crypto.com

7 hours ago
Oslo Freedom Forum, Fode Diop on stage

3 Lessons From The Oslo Freedom Forum: Why BTC? Nabourema, Likhachevskiy, Diop

9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.