Blockchain Startup Tierion Raises $1 Million
On April 29, blockchain startup Tierion announced it has raised $1 million in a seed round led by Blockchain Capital and Fenbushi Capital, with participation from Digital Currency Group.
Tierion is using blockchain technology to create a global platform to verify the integrity of any data, file or business process. The Hartford, CT.-based company provides developers with an API and tools for creating apps that connect to the blockchain.
The company said in a press release that it uses a scalable engine for cryptographically connecting data to the blockchain and producing blockchain receipts. This process, known as anchoring, enables millions of records to be linked to a sole transaction on the blockchain. Receipts can be shared with other systems and used to independently confirm the integrity and authenticity of any file, data or business process.
“We’re thrilled with the creative uses we’ve seen for Tierion,” said Wayne Vaughan, Tierion’s CEO,...
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