Post
Topic
Board Announcements (Altcoins)
Re: FACTOM - Introducing Honesty to Record-Keeping
by
djohnston
on 06/07/2015, 16:55:03 UTC

what sort of works and services will be offered for these "enterprise clients" ?
what are the main sources of income?

Blockchain as a Service (BaaS). We will help enterprises integrate our tech with their existing or new systems and for that will we charge a fee.

More info on our Blog: http://blog.factom.org/post/122941176349/factom-inc-factom-foundation-partnership

do you plan to expand into a full-fledged consulting firm for blockchain tech?
i see that the same people are on both factom foundation and factom inc. Do they then work 16 hours a day?

The goal for GG / Factom Inc. is more to create generalized blockchain / Factom tools for auditing, finance, land titles and so forth. Doing some consulting for large enterprise clients is a means to defining these general software tools. In short the goal for Factom Inc. is not to be primarily a consulting company, but rather to build software tools that can be used by dozens and eventually hundreds of different companies.

As for the work hours, both the Foundation and Factom Inc. teams actually do often work 16 hour days, plus weekends (you can see the late night commits + weekend commits time stamped on Github).

In general the Foundation is focused on supporting the core developers and the for profit is supporting the marketing / business folks. The two organizations staff will become more and more divergent over time. For example Peter Kirby serves as the CEO for the for profit while Paul Snow serves as the CEO of the Foundation given their different focuses.