Tierion Coin Review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of the Tierion Coin.
Origin & Background
Tierion is a blockchain technology company that promises to transform how the world secures and shares data. The company recently completed its token sale. In addition, Tierion turns the blockchain into a global platform for verifying any data, file, or procedure. Anyone can use Tierion’s API, known as Chain point, and other tools, like Zapier, to anchor something permanent.
Tierion has already attracted some huge name partners. They have partnered with Philips’ Blockchain Lab, for instance, as well as Microsoft. Furthermore, the company claims that hundreds of clients already use its flagship Chain point API.
Uses for Tierion
Apparently, Tierion’s technology is extremely broad. It’s not a dedicated application for a niche audience. On the opposite, it can also be applied to an extensive variety of uses, applications, and corporations.
Here are some of the projected use cases according to Tierion.com:
- Audit trail for a business procedure
- Document time stamping
- IoT data collection and attribution
- Verifying credentials via the blockchain
- Verifying data for clinical trials
- Regulatory compliance and transparency
How Does Tierion’s Chainpoint Work?
Chain point is an extremely scalable distributed service and open source platform. It enables Tierion to anchor data to the Bitcoin and Ethereum blockchain. Moreover, Tierion describes their Chain point technology as “the internet’s dial tone for trust.” The platform also has its own website at Chainpoint.org.
Developers can anchor a limitless amount of data to multiple blockchains with Chain point. Thus, you can confirm the reliability and existence of data without having to rely on a trusted third party. So far, Tierion claims that hundreds of clients use Chain point, including Philips and Microsoft.
The technology works through linking a hash of your data to a blockchain and then returning a timestamped proof. Furthermore, Chain point service receives hashes aggregated together using a “Merkle tree”. The roots of this tree anchors onto the Ethereum and Bitcoin blockchains. It also enables the Chain point proof to be created and recurrently upgraded.
Pros & Cons
Finally, we have not identified any obvious pros or cons with the Tierion Coin.
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