Tierion’s Platform Raises $ 1 Million from Blockchain Capital, DCG, together with Fenbushi Capital
Tierion had made headlines before this yr when it partnered with Philips Blockchain Lab to acquaint medical information with digital ledger consensus. The companionship headquartered inward Hartford, Connecticut was founded inward 2015 yesteryear Wayne Vaughan together with Jason Bukowski. With the firms Chainpoint software, users tin “anchor” millions of records housed inside a unmarried transaction on the blockchain. Tierion says, “Blockchain receipts tin hold out shared alongside other systems together with used to independently verify the integrity together with authenticity of whatever file, data, or employment organisation process.” All of its processes verify without trusting a tertiary political party or relying on centralized arbitration. Wayne Vaughan, Tierion’s CEO together with Co-Founder stated inward the announcement: “We’re thrilled alongside the creative uses we’ve seen for Tierion. At i cease of the spectrum, i of the world’s largest healthcare companies is using Tierion to tape the maintenance together with usage history of industrial medical equipment. At the other end, we’re seeing a legal cannabis dispensary role Tierion to create immutable records of their inventory together with transactions.”
The startup says at that spot is a wide make of role cases when it comes to distributed ledger technology, together with the company’s software is ready to comprehend many of them. The rattling foundation of Tierion is a scalable engine for cryptographically ensured information thus that businesses approximately the basis tin anchor alongside the blockchain. Vitalik Buterin, Ethereum founder together with Partner at Fenbushi Capital, says Tierion makes immutable records together with proof-of-existence “easy” together with believes the companionship displays an “interesting approach” to anchoring. Another Investor of the projection Bart Stephens, Managing Partner of Blockchain Capital explains Tierion’s advantages saying:
“Blockchain applied scientific discipline has tremendous potential beyond payments. Tierion’s platform gives whatever enterprise slowly access to the blockchain to verify whatever document or employment organisation process. This is a powerful tool for companies operating inward a regulated surround similar fiscal services, healthcare, insurance, or authorities services.”
The software Tierion together with partners convey assembled Chainpoint volition permit developers to larn hands on alongside blockchain applied scientific discipline together with notarize sure enough data. The promise is to create an automated together with standardized procedure for enterprise applications coming together both fiscal solutions together with other role cases. Barry Silbert, CEO of Digital Currency Group also believes inward the Tierion squad together with says inward the announcement, “We are excited to consider the Tierion squad leveraging the nub excogitation of blockchain applied scientific discipline to secure information together with ensure it cannot hold out tampered with. Their opened upwards protocol volition enable those novel to this applied scientific discipline to easily create information administration tools to runway the history of i of the close valuable assets of whatever arrangement – information.”
Images courtesy of Tierion’s Website, together with Shutterstock
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