Austin-based blockchain-as-a-service company Factom is partnering with FPT Software, an IT services company stationed in Vietnam. The two enterprises will work with each other to develop a new blockchain technology platform through Factom Harmony — a system that creates audit records regarding data, decisions, activities and events. The purpose of the platform is to digitize and store files by utilizing simple APIs and Factom’s blockchain solutions, so information can become confirmable and auditable respectively.
Founded in 2014, Factom, Inc. specializes in designing and producing faster blockchain applications to handle large data for complex institutions. Among the organization’s clientele are the U.S. Department of Homeland Security and the Bill and Melinda Gates Foundation.
FPT provides informational technology, products and digital engineering services to large businesses in the U.S., Asia and Europe in industries like manufacturing, energy and utilities, healthcare and communications.
CEO of Factom Paul Snow explained:
“The partnership between Factom and FPT is a valuable opportunity to showcase the practical use and applications for blockchain technology on an enterprise scale. FPT and Factom share a vision of the future where blockchain-as-a-service is available to all companies looking to preserve, ensure and validate their data or decisions.”
The new platform will seek to deliver innovative solutions to Factom’s business patrons like workshops and proofs of concept (PoCs) and give them access to advanced blockchain solutions, while also enhancing FPT’s digital and product engineering services. FPT says that it will work with Factom directors to make sure its own staff is trained on Factom’s technology to give the company quicker access to the blockchain.
Discussing Factom’s credentials, CEO of FPT Software Phuong Dang stated:
“Their technology platform will enable us to deliver a superior experience to our customers by delivering cutting-edge, differentiating blockchain solutions. With Factom’s blockchain platform Harmony and FPT Services, we will enhance operational efficiency and effectiveness for our clients in no time. This is a testimony to our global talent pool and the strengths of our technology.”
With nearly 20 years of experience in the tech industry, FPT Software is valued at over $2 billion and employs roughly 30,000 individuals in Vietnam and abroad. Headquartered in Hanoi, the company also has a U.S. branch in Richardson, Texas, designed to focus on digital transformation for Fortune 1000 clients. The company also houses several delivery units throughout major American cities like New York, Chicago, Los Angeles and Sunnyvale in the Silicon Valley.
Nick is a writer, author and journalist that has been covering the cryptocurrency scene since 2014.