SpruceID
an application builds open-source credentialing infrastructure that is standards-compliant, production-ready, and extensible into typical enterprise and government IT systems.
Inactive project This project is no longer active; its website is not linked.
Factom & Honduras land titling
a permanent and secure land title record system using blockchain technology powered by Factom together with the government of Honduras
- Identity & Ownership
- Since 2014
This project is marked as inactive in our database. Information may be outdated.
Factom is a system for securing millions of realtime records in the blockchain with a single hash. This gives you the tools to build applications with all of the security of the blockchain without the speed, cost, or size limitations.
Factom stores the world's data on a decentralized system using blockchain technology for solutions in the Mortgage Industry, IoT device integrity, digital assets and database integrity. Using the immutability of blockchain technology Factom provides 3rd party compliance, audit and due diligence certainty. As an early innovator in blockchain and distributed ledger technologies Factom has solutions with Bill Gates Foundation, Department of Homeland Security and the mortgage industry.
Factom began collecting land titles in Honduras on a blockchain database. In previous centralized databases, corrupt bureaucrats could change ownership with ease. With the new record system and no one at the center who can “change history,” loans can no longer be taken away with such ease and individuals “do not have to surrender to a single trusted third party.” As a result, the use of blockchain technology for recording land titles brings a conflux of interest between the financial industry, which looks to make loans, and human rights activists, advocating to maintain people’s rights to their land while protecting their dignity and sovereignty.
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