Factom partners with iSoftStone to roll out blockchain verification for Chinese smart cities

Blockchain | February 5, 2016 By:

iSoftStone and Factom announced a partnership to shape a smart city strategy in China.

Factom will offer business advice and technical knowledge as iSoftStone, a technology consulting firm, shapes its blockchain strategy for its smart city solution. As part of this solution Factom’s Apollo Product will offer a data storage, auditing, and verification layer for several regions in China.

“By applying Factom blockchain technology to our financial services, smart cities big data services, and construction of data exchange, we will drive more innovation in China. By leveraging the advantages of both parties, we look forward to seeing a brighter future. We are sure that the integration of Factom and smart cities will bring more development opportunities for both sides,” said iSoftStone executive VP & CTO Ye Yuping.

Factom is a blockchain-based platform looking to wield the power of distributed ledger technology for purposes other than financial services.