Businesses safeguard and notarize important documents such as property titles and contracts to ensure anyone can prove their veracity. Surprisingly, there isn’t a universal equivalent for safeguarding digital data. Much of the world’s important information is stored digitally and is susceptible to modification by system administrators or hackers. When data is sent over the Internet, the recipient often can’t verify when the data was created or if it has been modified from its original state. Problems with data integrity and digital record-keeping are particularly severe in regulated industries such as healthcare, insurance, and financial services where data corruption or tampering has significant legal and reputational consequences.
Tierion is building a universal platform for data verification. Tierion works by creating a proof that links data to a transaction on a blockchain. This is called anchoring. Anyone with this proof can verify the data’s integrity and timestamp without relying on a trusted authority.
Tierion launched in 2015 and has become the most widely used platform for anchoring data to the blockchain. Tierion’s key innovation was making it simple to anchor a virtually unlimited amount of data to a single blockchain transaction. Tierion’s launch also marked the introduction of the Chainpoint protocol, the first standard proof format for anchoring data to a blockchain.
Several open source projects and multiple vendors have adopted the Chainpoint protocol. In July 2016, Chainpoint 2.0 was published. It featured several improvements, including the use of JSON-LD and anchoring into multiple blockchains. Tierion formed the Chainpoint W3C Community in September 2016. Chainpoint is the first technology of its kind to receive public support from a major Internet standards organization
To continue our mission to secure the world’s data, we’re launching the Tierion Network.
Chainpoint has been upgraded to version 3.0 and now runs as a service on the Tierion Network.
Together, they provide a universal platform for data verification that operates at massive scale.
Microsoft is joining Tierion in running a core part of the network infrastructure. Anyone can join the Tierion Network by running a node. Each node improves the network’s scalability and reliability. Along with this new distributed architecture, a token is being introduced. The Tierion Network Token (TNT) provides an economic incentive to secure the network infrastructure, and serves as a method of settlement between parties to access network resources.
Each Node serves as a mini-Tierion. Node operators can provide users with services using conventional payment and delivery models.
Tierion
