Factom Partners With Honduras Government on Blockchain Tech Trial
Decentralized recordkeeping startup Factom has reportedly partnered with the government of Honduras on a new land title registry initiative.
Reuters reported that the Texas-based company, in partnership with title software firm Epigraph, was working with the Honduran government to develop “a permanent and secure land title record system” using the bitcoin blockchain, the distributed ledger that tracks all bitcoin transactions.
Factom president Peter Kirby told the publication that discussions with the Honduran government began earlier this year. However, the company first hinted at a partnership earlier this week on its blog, when it said the proof of concept for a land registry tool was “being evaluated by select governments worldwide”.
