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Business Processes Secured by Immutable Audit Trails on the Blockchain

17 Nov 2014, 00:00,

In this paper,we describe how Factom creates a distributed,autonomous protocol to cost effectively separate the Bitcoin blockchain from the Bitcoin cryptocurrency. We discuss client- defined Chains of Entries,client-side validation of Entries,a distributed consensus algorithm for recording Entries,and a blockchain anchoring approach for security.


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