RE: Alibaba12 Jul 2018 10:50
Add this from last months Factom AMA
Currently, Factom’s biggest IoT client is the Department of Homeland Security, which is now entering the 4th phase of the SVIP (Silicon Valley Innovation Program).
The dLoc partnership with SMARTRAC- the leading developer of RFID (Radio Frequency Identification), qualifies as an IoT and is in demand among institutions that issue vital records including governments, banks, hospitals, and universities. However, the implementation of technology to such big enterprises results in a slower start-up processes.
In the past, Factom has had limited resources to attack markets outside of mortgage and banking. However, IoT is a going to become more of a strategic focus for Factom in the coming months. One of the major advantages of having IoT clients, is they will likely drive the entry credit usage up more than any other sector