Factom is a trustless ledger technology that protects and decentralizes information with a strong focus on maintaining user anonymity. Factom is a practical blockchain solution for those seeking a collaborative platform to preserve, ensure and validate digital assets, providing an unalterable record-keeping system. Factom is a distributed, decentralized protocol running on top of Bitcoin that makes it practically impossible to shut down. By using this open source software, developers can build innovative applications that use blockchain technology which stores all transactions in the Bitcoin network. Factom is a platform for a variety of applications, including financial systems, medical records, supply chain management, voting systems, property titles, legal applications, and much more since it can store any type of data. The Factoid is a token developed by Factom that allows users to upload data into its network while it secures data from spam.