Blockchain technology company Tieron is working with the Connecticut Technology Council (CTC), a non-profit organization encouraging local technology development. With this partnership, the CTC and Tieron plan to run a trial on finding government survey data using blockchain technology.
Blockchain is the public ledger of bitcoin transactions, which are updated and verified by a network of computers solving complex algorithms in a process known as bitcoin mining. While bitcoin enjoyed its claim to fame a few years back, blockchain technology is gaining more attention these days thanks to its practical applications in record-keeping or data transfer.
Blockchain Technology and Data
Tierion CEO Wayne Vaughan clarified that the company’s blockchain technology simply supports the data collection, but it would provide the startup a nice platform to showcase the benefits of using the distributed public ledger. In other countries such as Honduras, the underlying bitcoin technology has been used for creating a secure land registry with entries that are virtually immutable.
Meanwhile, the CTC is interested in familiarizing itself with emerging technological innovations such as blockchain. Bruce Carlson, president and CEO of the CTC, said that they will run this trial through the state’s Department of Economic and Community Development (DECD) survey on on