Factom teams up with Intrinio to put Wall Street on the blockchain

FinTech | August 25, 2016 By:

Factom announced it has partnered with Intrinio to put Wall Street on the Factom blockchain, meaning that immutable US stock market data is now available to the world.

Every 15 minutes, the pricing data for the 3,000 most valuable US stocks are now being published into the Factom blockchain, providing not only an immutable record of the data but also allowing fintech applications to be developed around it.

“Intrinio, in providing financial market data to Factom, has helped us build the foundational data sets for our users to audit their financial records. By publishing all these different stock prices on Factom, developers now have a reliable way to build their financial applications, and since the blockchain is stored forever on a distributed basis, this is a resource that grows every day and the wealth of past knowledge is always available to verify, without everyone having to store the data locally in their application,” said Factom chairman David Johnston.

Factom is a blockchain-based data management solution company. Intrinio is a financial data and apps provider.