What is Factom?
Factom is the first usable blockchain technology to solve real-world business problems by providing an unalterable record-keeping system. By creating a data layer on top of the Bitcoin blockchain, Factom’s distributed ledger technology secures millions of real-time records in the blockchain with a single hash using cryptographic isolation. Businesses and governments alike can use Factom to document their information so that it cannot be modified, deleted or backdated. Factom’s technology decentralizes record keeping by ensuring that the integrity of stored data remains intact, providing complete transparency, while at the same time maintaining user privacy in an increasingly digital world.
The question is, what will drive the price of the factom token? What event will catalyze people interest in it? currently it says fairly low on market cap IMO because it is a great tech that will definietly be useful, so when will it pop?
My guess is when factom decides they have enough clients to get a little loud about it, and they may not want to encourage mass usage until either bitcoin or Ethereum has addressed the scaling issue via lightning or raiden. If there were to start picking up mass usage before scaling was solved it could cause people to get discouraged by the slow transaction times and high fees.
in that way is almost impossible to hack, usefull article.