Tierion has announced last week, the launch of its new high-performance API which can be used to anchor data in the blockchain.

Tierion is the Hartford, Connecticut-based blockchain company that turns the blockchain into a global platform for verifying any data, file, or business process. The Tierion blog stated that, the new Hash API is perfect when you want to generate proofs or audit trails, but need to keep your data private.

Hash API is readily available to be used by developers. The user has to have a registered account on the platform which is the only pre-requisite for the implementation of Tierion’s API. At present, the new Hash API is free for creating about 1000 per hour at the rate of about 3 records per second. The company however has plans to offer a custom version of Hash API which is capable of processing high volumes, if there is a demand for business needs to process more record.

The company’s new Hash API is built on blockchain to ensure the stability and security of the stored data. As the proof of storage of data on the blockchain, the company includes Blockchain Receipts for each record. The records have audit trail, which includes information about any changes or addition made to the records etc. The records can be easily retrieved and verified.

With the Hash API, every new entry or changes made to a master file is stored as a Hashitem with the implementation of Anchor modeling into the blockchain based data storage solution.

Founded last year by Wayne Vaughan and Jason Bukowski, Tierion is a powerful engine for collecting data and recording it in the blockchain. Recently, the company recently raised $1 million in seed funding from Blockchain Capital, Fenbushi Capital, and Digital Currency Group.