Factom

Founded in 2014, Factom, Inc. was a US-based blockchain company that developed the Factom protocol, an open-source platform designed to create immutable, auditable records for enterprise and government data. The company's mission was to make the world's systems more honest and transparent by securing data on the blockchain, preventing it from being modified, deleted, or backdated. Factom gained initial prominence through partnerships, including a project with the U.S. Department of Homeland Security. Despite its technological promise, the company faced significant financial difficulties and filed for Chapter 11 bankruptcy in March 2020, ultimately leading to the cessation of its operations and the sale of its assets. The underlying open-source protocol has since evolved into the Accumulate Protocol.