Microsoft and Tierion Collaborate on Attestations and Blockchain Proofs

177

Share with:


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, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

Visit Website
View All Articles
Buy Bitcoin at CEX.IO

Get Blockchain News Where You Are!

Join our Linked in GroupLike our Facebook Page
Linkedin Group BlockchainLinkedin Facebook Group