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Venezuela
2 Level
86 Review
264 Karma

Review on Factom by Eve Vallenilla

Revainrating 3 out of 5

Factom: mass storage tool for organizations

Both to keep important personal and corporate documents safe, as well as for reasons of order, security and comfort, resorting to digital storage resources is currently a necessity, since we live exposed to theft, loss and malicious manipulation of our files and papers. important, on a recurring basis.

In this sense, the Factom platform offers a platform that provides you with a reliable scenario to save files and digital content, at low cost and with the security provided by blockchain technology.

Important benefits of archiving digital material on the platform?

This virtual library mechanism has important advantages:

• Reduces risks of loss, theft and piracy

• Guarantees the originality and immutability of the digital material registered in the blockchain

• Facilitates the management of file and document auditors

• Reduces the costs of using unreliable external storage platforms

• Saves space in the use of filing modules to store papers

Regarding the management of commercial operations, the platform allows:

• Efficient platform to execute operations quickly

• Higher performance in file management due to higher scalability

• Accessible rates for use of the platform for transfer of assets

• Allows you to use Fiat money to acquire Entry Credits tokens, one of the network's native assets. The other is Factoids

• Applies anti-inflation technology by burning one of its two cryptographic protocols (Entry Credits)

Factom is not only a smart solution for the storage of digital content in the medical sector, but an opportunity to access investment in crypto assets in a simple way.



Pros
  • Provides a reliable storage mechanism
  • Offers an inexpensive digital resource for storing documents
  • Allows easy auditing of documents archived in the chain
  • Permanently records digital files in the global distributed ledger
Cons
  • No disadvantages

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