Description
Chainpoint, a product by Tierion, links a hash of your data to a blockchain to return a timestamp proof. A Chainpoint Node aggregates hashes using a Merkle tree, and the root of this tree is published in a Bitcoin transaction. The final proof cryptographically links the data to the Bitcoin blockchain, proving the data existed at the time it was anchored, all verifiable without a trusted third party. Tierion's overall mission is to reduce the cost and complexity of trust, also offering a product named 'Proof' for businesses. Common use cases for Chainpoint include audit trails, IoT data integrity, document timestamping, and regulatory compliance.