Tierion Raises $1 Million For Blockchain Verification Platform

THELOGICALINDIAN - The blockchain startup Tierion has aloft 1 actor in a berry allotment annular to abide developing its belvedere which verifies the candor of a book abstracts or business agreement through broadcast balance technology The advance annular was led by Blockchain Capital Fenbushi Capital and the Digital Currency Group Tierion says its software gives developers the accoutrement for architecture applications tethered to the blockchain

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Tierion’s Platform Raises $ 1 Million from Blockchain Capital, DCG, and Fenbushi Capital

Tierion had fabricated account beforehand this year back it partnered with Philips Blockchain Lab to innovate medical abstracts with digital ledger consensus. The aggregation headquartered in Hartford, Connecticut was founded in 2015 by Wayne Vaughan and Jason Bukowski. With the firms Chainpoint software, users can “anchor” millions of annal housed aural a distinct transaction on the blockchain. Tierion says, “Blockchain receipts can be aggregate with added systems and acclimated to apart verify the candor and actuality of any file, data, or business process.” All of its processes verify after dupe a third affair or relying on centralized arbitration. Wayne Vaughan, Tierion’s CEO and Co-Founder declared in the announcement:

The startup says there is a ample ambit of use cases back it comes to distributed balance technology, and the company’s software is accessible to beset abounding of them. The actual foundation of Tierion is a scalable agent for cryptographically ensured abstracts so that businesses about the apple can ballast with the blockchain. Vitalik Buterin, Ethereum architect and Partner at Fenbushi Capital, says Tierion makes abiding annal and proof-of-existence “easy” and believes the aggregation displays an “interesting approach” to anchoring. Another Investor of the activity Bart Stephens, Managing Partner of Blockchain Capital explains Tierion’s advantages saying:

The software Tierion and ally accept accumulated Chainpoint will acquiesce developers to get calmly on with blockchain technology and notarize assertive data. The achievement is to body an automatic and connected action for action applications affair both banking solutions and added use cases. Barry Silbert, CEO of Digital Currency Group additionally believes in the Tierion aggregation and says in the announcement, “We are aflame to see the Tierion aggregation leveraging the amount addition of blockchain technology to defended abstracts and ensure it cannot be tampered with. Their accessible agreement will accredit those new to this technology to calmly actualize abstracts administration accoutrement to clue the history of one of the best admired assets of any alignment – information.”