Tierion and Philips have teamed up to bring crypto currency innovations to the health care sector.

The news appeared on the Tierion’s corporative twitter account and was confirmed by the company’s CEO and founder Wayne Vaughan. The project is to come in 2016, however, no further details are revealed.

Tierion provides a cloud datastore backed by the blockchain technology. Its main function is to collect data and record it in the blockchain. The platform generates a blockchain receipt with all the information necessary to verify the record. The data processed by Tierion can be then integrated into more than 400 applications such as Google Sheets, Gmail, and Slack. Tierion offers its clients archiving and storing of customer data, emails, medical, financial and legal records, event registrations and tickets.

As CoinFox reported earlier, Tierion assisted the Department of Economic and Community Development of Connecticut with the survey of 200 top technology companies. The blockchain start-up collected and stored survey responses.

With this move Philips joins a long list of world’s giant companies, such as Visa, Mastercard, IBM and Intel, that have already shown some interest in the possibilities of the blockchain technology behind the bitcoin digital currency.

Sonya Belova