It's one of those "single-use-case" coins... which already limits what it can become.
And here the use-case doesn't even make much sense. Why would a land registry need a blockchain? Blockchains can't be freely edited - land registries need to be. You need a central authority to verify ownership. And all the remaining problems can be solved with an open database.
People seem to forget: Blockchains are not efficient. They are super wasteful. They just solve a very specific problem - one that doesn't apply here.
I agree with you very much. The blockchain is not efficient and can not be modified. Not all industries can use blockchain technology, so FACTOM may be on the wrong road.
I see where you guys are coming from, but I thought the same thing about XRP.
"Why would banks need to use an outside company to transfer funds when they already have SWIFT or can come up with their own solution?"
And look at the price of Ripple in the last few days.
I don't see any reason not to gamble a few dollars on Factom.