Microsoft Announces Asia’s ‘First Blockchain Consortium’ in Taiwan
Technology giant Microsoft has announced the formation of what it calls Asia’s “first and most advanced consortium blockchain network”, to use its Azure cloud platform, in Taiwan. With a focus on the Fintech sector wherein blockchain technology is primed to bring disruption to the banking industry, Microsoft has partnered with industry firm AMIS and the Technology Research Institute of Taiwan (ITRI) to form the new consortium. Additionally, Microsoft has also collaborated with a number of regional banks to push blockchain technology in the Taiwanese financial market. Partner banks include....
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Considering how Microsoft has partnered with various local banks in the past, it seems logical they will become part of the consortium. Blockchain technology is destined to make a significant impact all over the world. Up until this point, very few projects were conducted in the Asian part of the world. But fintech is slowly transforming the financial services industry, and Asian countries don’t want to be left out. Microsoft and Amis announced Asia’s first blockchain consortium this morning, which will put DLT on the map in that region. Ever since Microsoft ventured into the....
Since the beginning of 2015, industry leaders and innovative startups have begun to adopt the blockchain network as a distributed ledger for recording unalterable and irrefutable ownership, instead of utilizing the technology to settle transactions and payments. American multinational technology company Microsoft has been experimenting with bitcoin-style blockchain networks, providing their own Ethereum-based services through its Azure cloud platform to established partners including BitPay, Emercoin, LibraTax and Manifold technology. Microsoft’s Azure blockchain services have been....
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The New York-based private banking blockchain consortium led by R3 has now added a new “strategic’ partner, in global software giant Microsoft. In a new announcement made today, Microsoft is now in a partnership with R3CEV, a consortium of the leading banking institutions of the world that is looking to develop real-world blockchain solutions for the current banking and financial services industry. Microsoft, through its cloud service platform Azure, will also serve as the cloud services provider for R3’s Lab and Research Center that is currently developing blockchain-solutions to serve....
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