Microsoft Partners With China Binary and High Cloud For Blockchain Project
The tech giant Microsoft has recently made some partnerships to work with blockchain technology in a more effective manner. The company has decided to team up with the Taiwan-based China Binary Sale Technology and another company called High Cloud to cooperate and upgrade blockchain projects together.
This project will be especially focused on the region of the Asia-Pacific but the projects developed by this partnership will have the potential to be relevant to the global market as well.
The founder of China Binary, Sun Jiangtao, has commented that his company is very optimistic about how the blockchain market is developing in the region, especially in Taiwan and Southeast Asia. He told the media that, via this cooperation, the company intends to expand the influence of its market.
Combining Technology To Improve The Blockchain
The agreement of the companies is that China Binary’s MasterDAX will use the Microsoft Azure software to create projects on its infrastructure. By combining this two technologies, Microsoft and China Binary hope to simplify and optimize the process of developing new technologies and cloud services.
By using the Azure Blockchain Workbench, China Binary will shorten its development cycle and be more effective, as Azure can provide functions like cognitive APIs, automation, blockchain as a service (BaaS) and machine learning, among other features.
According to the founder of China Binary, the partnership with Microsoft happened because the technology is really capable of improving the computing speed and the security of the blockchain services that are currently being offered by the company and it is one of the best cloud platforms in the market.
High Cloud acted mainly as an intermediary between the two companies during the negotiations and it is an important commercial partner of the two companies.
Another Microsoft partnership was a recent one with Ernst & Young (EY), which was for the creation of a blockchain project that will be focused on intellectual property and management of royalties and will be used for games.