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Factom

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Company health

Employee growth
11% decrease in the last year
Web traffic
44% decrease in the last quarter
Financing
December 2018 - $20M

Factom description

Factom Harmony is a blockchain service that allows businesses to integrate blockchain technology into their operations. It simplifies the process by eliminating the need for cryptocurrency management or specialized blockchain knowledge. With Factom Harmony, your company can enhance data security, create auditable records, and streamline workflows. APIs, software development kits, and comprehensive documentation are provided to easily integrate this technology into your existing systems.

Who is Factom best for

Factom Harmony simplifies blockchain integration for businesses, eliminating the need for crypto management or specialized knowledge. This platform enhances data security, creates auditable records, and streamlines workflows. APIs and SDKs facilitate easy integration into existing systems.

  • Ideal for small to medium businesses (1-1000 employees), with a good fit for large enterprises.

  • Designed for businesses across all industries seeking enhanced data security and auditable records.

Factom features

Type in the name of the feature or in your own words tell us what you need
Supported

Factom offers a predictable and manageable cost structure via Entry Credits.
Supported

Factom confirms transactions in seconds, significantly faster after the Factom Federation upgrade.
Supported

Factom supports transaction confirmations, ensuring data integrity and efficient management.

Factom alternatives

  • Logo of Venly
    Venly
    Better for NFT management and Web3 integration. A Factom alternative geared towards larger enterprises and developers, with more integrations but potentially less stability based on user reviews. Has more momentum currently.
    Read more
  • Logo of Kaleido
    Kaleido
    Better for enterprise blockchain deployments and simplifying smart contracts. Geared towards larger businesses and the finance and IT industries. Has more momentum than Factom, both regarding web traffic and employee growth. Users praise Kaleido's ease of use and comprehensive tools, but some find pricing unpredictable. A strong Factom competitor and alternative.
    Read more
  • Logo of Statuspage
    Statuspage
    Better for communicating outages and maintenance. Suited for companies needing real-time status updates. Focuses on transparency and trust with users.
    Read more
  • Logo of V-ID
    V-ID
    Better for document verification and fraud prevention. A good Factom alternative for enterprises dealing with sensitive information. Easy-to-use interface, but limited format support and occasional connection issues. Higher pricing may concern smaller businesses.
    Read more
  • Logo of ShoCard
    ShoCard
    Better for secure access management for employees. Has a Glassdoor rating of 3.93. Is growing faster than Factom. More suitable for Healthcare, Finance, and IT.
    Read more
  • Logo of Openfinance
    Openfinance
    Better for mid-sized businesses in finance. Has more momentum. A Factom competitor focused on digital security investing.
    Read more

Factom FAQ

  • What is Factom and what does Factom do?

    Factom Harmony is a blockchain service simplifying blockchain integration for businesses. It enhances data security, creates auditable records, and streamlines workflows without requiring cryptocurrency management or specialized blockchain knowledge. APIs and SDKs facilitate easy integration.

  • How does Factom integrate with other tools?

    Factom Harmony integrates with existing systems through APIs, software development kits (SDKs), and comprehensive documentation. This allows businesses to seamlessly incorporate blockchain technology into their current operations.

  • What the main competitors of Factom?

    Factom's main competitors include Venly, Kaleido, and V-ID. These alternatives offer similar blockchain-based solutions for businesses seeking enhanced data security, streamlined workflows, and simplified blockchain integration.

  • Is Factom legit?

    Factom, now known as Factom Harmony, appears legitimate, offering blockchain solutions for businesses. It simplifies blockchain integration, emphasizing data security and auditable records. However, with declining employee growth and limited user reviews, further research is advised to determine if Factom is safe and suitable for your needs.

  • How much does Factom cost?

    Factom pricing is not publicly available. Contact Factom directly to determine if the product and its features are worth the investment for your needs.

  • Is Factom customer service good?

    There is no information available about Factom's customer service.

Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.