Can someone please ELI5 – What Factom is and what it does?

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Can someone please ELI5 – What Factom is and what it does?

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Can someone please ELI5 – What Factom is and what it does?

Thanks

Thinking of buying 1 Factom, but want to understand more about it first

submitted by /u/Balkrish
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Source: Factom Discussions
Can someone please ELI5 – What Factom is and what it does?