Why We Added Our First Factom (FCT) Position an “altcoin”…for now.
We recently added our first position in Factom to our portfolio. Let’s first take a look at a few reasons we believe Factom is a solid investment before we talk price.
Taken from Factom’s site,We create products that transform the way organizations secure and share their data. Our products safeguard the most critical government, commercial, and non-profit systems.
Nearly every industry has large stacks of paperwork for many reasons. Factom helps to ensure data integrity by letting hashes of data to be stored on their secure blockchain, basically converting the data to archivable, secured and cost effective means.
Let’s summarize a few points:The blockchain space is rapidly changing. Factom is able to utilize any blockchain it decides to implement it’s goal.Paper trail auditing. It doesn’t excite many people. We see that as an opportunity to take advantage before the real value is widely known. The crypto space is reliant on more then just substance. The look and feel play’s a huge part in getting noticed. They don’t operate like the standard cryptocurrency. With hardly any marketing, release dates, community and hype, they have continued to fly under the radar of the novice investor.