Blockchain For Dummies – Tiana Laurence : [PDF Download]

PDF Title:Blockchain For Dummies
Author:Tiana Laurence
Total Page:202 Pages
PDF Size:6.55 MB
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“Blockchain technology has opened the doors for new products and services. The blockchains themselves serve as the base layer that old technology can reinvent itself with or innovation can be built against.

Each blockchain has its own unique properties that make it ideal for specific applications. Factom is particularly good at securing information, but it still has limitations: the size of each entry, and the fact that the more you publish, the more it costs.

Factom is ideal for storing large files in a cloud solution and then using pointers within Factom to locate those files for your application.

Factom is primarily being used as a system to manage documents, and data, and build identity. It integrates with other blockchains, and it can be used to create an oracle for your smart contract.”

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