What is Tierion?

Tierion is launching a universal platform for data verification that operates at massive scale.

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. Companies in healthcare, insurance, and financial services are trusted with safeguarding huge volumes of critical data. Proving the authenticity of information within these industries is currently cumbersome, expensive, and in many cases impossible.

Tierion solves this problem by providing a “proof engine” for the Internet. We've created a technology called Chainpoint that lets anyone prove when data was created and if it has been modified from its original state. We’re using this technology to launch the Tierion Network, a universal platform for data verification that operates at massive scale. The Tierion Network Token (TNT) provides an economic incentive to secure the network infrastructure, and serves as a method to access network resources.

Microsoft is joining Tierion in running a core part of the network infrastructure.

Tierion CEO Wayne Vaughan and American Banker Editor in Chief Marc Hochstein have a candid discussion about blockchain. Marc’s first question “What good is a blockchain”?