Microsoft and Tierion Collaborate on Attestations and Blockchain Proofs

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Microsoft and Tierion are collaborating on a service that generates, manages, and validates attestations. Together we’re exploring how this technology serves the needs of developers and organizations.

In the future, you might take an online course and receive an attestation proving you completed the required work. This attestation is digitally signed by the educational organization’s decentralized identifier and a timestamp proof that is rooted in a secure public Blockchain. Anyone can verify the identities and validate this data without trusting the signers or their service providers. The Blockchain serves as the root of trust. Attestations will be kept in secure datastores that are fully controlled by users. The industry sometimes calls this self-sovereign identity.

How does Tierion fit into this picture? Non-repudiation is important to regulated industries such as financial services, healthcare, and insurance. These organizations need to prove there hasn’t been collusion to backdate or modify data. Tierion links data to the Blockchain and generates a timestamp proof of the data’s integrity and existence. Anyone with this proof can independently verify the data without relying on a trusted authority.

Public Blockchains such as Bitcoin are exceptionally secure, but slow. The current throughput of the Bitcoin network is about four transactions per second. Tierion solves this scalability problem by cryptographically linking millions of data points to a single transaction. We’re working with Tierion on a service that leverages the open source Chainpoint protocol their team developed for using the Blockchain as a trust anchor.

The collaboration between Microsoft and Tierion is another important step in bringing the best Blockchain-based tools and services to developers. As we move forward with our decentralized identity initiative, look for more content, collaborations, and announcements in the coming months.

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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