The Factom Protocol describes itself as a "decentralized, open source data integrity protocol created by an international coalition of companies that extends blockchain security to any type of data." The protocol is reportedly easy to integrate with any system, providing an indisputable source of truth and low-cost verification for businesses and governments.
The fixed cost of the protocol and dual-token design reportedly allow for subscription models where clients do not need to have tokens even though they are used automatically in the background. The team sees the Factom protocol as a global utility for enterprises to provide seamless access to applications without unnecessary interactions with the underlying embedded technology. The team's vision is that the Factom protocol "will enable a future where users can trust their documents, digital data and all things connected to the network, allowing developers to create new applications that will change the world. ".