Tierion, a Hartford, CT-based blockchain startup, raised $1m in seed funding.
The round was led by Blockchain Capital and Fenbushi Capital, with participation from Digital Currency Group.
Led by Wayne Vaughan, CEO and Co-Founder, Tierion turns the blockchain into a global platform for verifying any data, file, or business process. The solution leverages an engine for cryptographically linking data to the blockchain and generating receipts. This process, called anchoring, enables millions of records to be connected to a single transaction on the blockchain. Blockchain receipts can be shared with other systems and used to independently verify the integrity and authenticity of any file, data, or business process.
Companies are using Tierion to create applications in healthcare, insurance, financial services, and technology.
The company also has offices in San Francisco, CA.