Tierion Raises $1M in Funding: Further Proof of Blockchain Ascendancy

Blockchain Companies - Tierion Funding

More and more, companies are utilizing an existing blockchain or creating their own distributed ledgers for writing, verifying, and keeping information transparent, as they discover that the technology can provide numerous advantages compared to other data management services.

Factom — “A Scalable Data Layer for the Blockchain” — has multiple solutions to secure data using the blockchain. Among other projects, Factom announced this time last year that they forged a partnership with HealthNautica, a medical records and services solutions provider.

More recently, BitFury, a company better known for its mining hardware, has expanded into providing a more holistic Bitcoin service, and made headlines by announcing their partnership with the Republic of Georgia, in which land titles will be registered using the blockchain.

Further evidence of this growing interest in blockchain tech came this week when Tierion, a startup that turns the blockchain into a global platform for verifying any data, file, or business process, announced that it had raised $1 million in a seed funding round led by Blockchain Capital and Fenbushi Capital, with participation from Digital Currency Group as well.

Tierion was the first blockchain company to partner with Philips Blockchain

Read more ... source: TheBitcoinNews