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Factom has teamed up with Netki, a Wallet Name Service provider for the crypto currency community, to develop more user-friendly addresses for customers.

According to the press release, Netki Wallet Names will support Factoids and Entry Credits by implementing these address types to their consumer and partner offerings. Netki users can add Factoid and Entry Credit addresses to their Wallet name through the Wallet admin option. 

Tiana Laurence, CMO of Factom Foundation, stated that the partnership with Netki allowed making Factom more user-friendly:

“We are pleased and honored to have a partnership with them. Netki is a high integrity partner and are also a great cultural and technology fit for Factom. Our collaboration will allow Factom users to more easily access their Factoids. Netki makes Factom addresses easy for users to read, copy and share with others.” 

Justin Newton, CEO and the founder of Netki, said:

“Working with the Factom team has been a real pleasure. Factom’s solutions supporting truth and transparency in data are a great step forward in ensuring honest use of information in corporations and governments. Adding Wallet Name Service further improves the intuitiveness and ease of use of Factom’s offering.” 

The partnership provides users with four new major benefits. Firstly, users will now be able to trade Factoids using Wallet Names for Factoid addresses. A Wallet Name can be used instead of a simple wallet address. Secondly, Wallet Name provides Factoids conversion to Factom Entry Credits allowing entries to the Factom system. The third benefit is the opportunity to trade bitcoins for Factom Entry Credits  by using Netki’s Wallet Name. And finally, the combination of blockchain technologies with DNSSEC guarantees high levels of privacy and security when sharing wallet addresses via email or text messages. Wallet Names produce a unique address for each transaction making it visible only to users participating in those transactions.

Founded by Justin Newton, Netki provides solutions for the evolving digital currency ecosystem, helping cryptocurrency reach its full potential.

 

Daria Petushkova