Blockchain Innovation Foundation (BIF) is happy to report progress this month on the Factom protocol development.

Blockchain Proof of Authenticity for document scanning solutions

With Sphereon we have released the Blockchain Proof of Authenticity add-on for Kofax Capture for general use. It now also includes an integration with Stripe for online payment processing for businesses.

The same Proof of Authenticity solution for ScanIT, our powerful workstation scanning software, has been released for beta testing. We expect a production release in August.

New Factom Java Client Library

This library is targeted at enterprise software developers. BIF was rewarded a grant for this work. The library will use proper design patterns and provide asynchronous support, documentation and integration for JEE and Spring (boot) as well as pluggable serialization options.

The new Java Client Library for Factom will be ready for alpha testing and available as a release somewhere next week at https://github.com/bi-foundation/factom-java

The alpha version will not be fully feature complete at this moment. We expect the beta later this month and release candidates before the end of the month.

An easy-to-use firewall solution

BIF is also working to provide an easy to use firewall solution for everybody running Factom nodes on GNU/Linux. We expect to provide a pre-release of these scripts soon.

Free Document Signing service

BIF has started work on providing a website that will offer a free interactive service to “sign” documents by creating and storing a hash on the Factom blockchain. Although the goal of the website is the promotion of Blockchain and Factom for Proof of Authenticity, it will be a fully operational and functional solution. There will be a limit of usage, but not on functionality.

Blockchain-Innovation.org

At the end of July, we launched the first version of our website blockchain-innovation.org. The website contains basic information on what we do, who we are, about Blockchain and Factom in specific. We also have a section on Advisors and Speakers with industry experts we are associated with and that are available for presentations, workshops, masterclasses, etc.

We will add more content and links to all other ANO websites, as well as Factom Inc. and others.

Financial status

Like all stakeholders we are disappointed that the exchange rate of the Factoid coin continues to fall. We believe this is mostly due to the general slump in the crypto market. As said before, we have planned and budgeted for this scenario and will be able to keep the operations and support for the Authority Nodes running at a high level of performance.

But with a larger budget we would have been able to do significantly more development, like in core factom development, as well as some major projects and products we have planned along with partners. The update in this report is less than we would have liked to report, but we will have some nice updates next month.

BTW, we have not yet sold any FCT to date.

For more information:

mboender@blockchain-innovation.org

sales@sphereon.com