TagAzure

Microsoft's New Ethereum Blockchain Product Gets Rid of Mining

ethereum Blockchain Microsoft

Software giant Microsoft has debuted a new Blockchain as a Service (BaaS) product that allows businesses across industry verticals to deploy a flexible instance of Ethereum tailored specifically for enterprise environments. Announced on Tuesday, Ethereum Proof-of-Authority on Azure allows enterprises to build applications on an Ethereum blockchain that is not secured by a Proof-of-Work (PoW)...

UK Fintech Settles Security on Ethereum Blockchain in a World-First with Microsoft

Blockchain

The blockchain has just disrupted another niche. UK-based Nivaura in partnership with Microsoft's Azure cloud has proved in a test case that the public ledger can be used to support regulated assets. The blockchain is an increasingly attractive option as the payments industry continues to embrace cryptocurrencies and even digital fiat money. The technology was created by Avtar Sehra, Nivaura's...

Israel's Biggest Bank Partners Microsoft to Offer Bank Guarantees on a Blockchain

Microsoft is partnering with Israel’s Bank Hapoalim on a blockchain-based platform to support digital bank guarantees for customers, according to The Times of Israel. Bank Hapoalim becomes the first Israeli bank to deploy blockchain technology in financial contracts, the lender noted in a statement. The project will simplify and hasten the process of signing up guarantors. Bank customers in need...

Microsoft Joins India’s ‘BankChain’ Consortium as Blockchain Cloud Partner

India’s banking blockchain consortium BankChain has chosen Microsoft as its exclusive cloud partner, a tie-up which will see India’s biggest banks using and sharing Microsoft’s Azure Blockchain. Launched in February 2017, BankChain is India’s biggest financial blockchain consortium. The consortium was established by state-owned State Bank of India (SBI), India’s largest bank, and sees 20 of the...

Microsoft Announces Asia’s ‘First Blockchain Consortium’ in Taiwan

Taiwan ICO

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...

Microsoft Launches Azure Blockchain Service in India

microsoft Blockchain

Technology giant Microsoft has launched its Blockchain as a Service (BaaS) offering to provide blockchain solutions to customers over its Azure cloud platform. Following its announcement today, Microsoft Azure customers can tap the software-maker’s blockchain partners’ solutions with a “single-click deployment” a press release adds. Peter Gartenberg, general manager of enterprise and partner...

Australian Travel Firm Trials Blockchain Bookings with Partner Microsoft

Webjet Blockchain travel

Australian hotel and online travel firm Webjet has built a blockchain proof-of-concept (PoC) with tech giant Microsoft as its partner, the company revealed. Microsoft’s Azure cloud platform was used to host the blockchain to put it through the tests. The proof-of-concept solution is primarily aimed at its business-to-business division, according to the Australian Financial Review, with the aim to...

Microsoft Partners Bank of America on Blockchain to “Transform” Trade Finance

Technology giant Microsoft and financial institution Bank of America Merill Lynch have announced a collaboration with the aim to “fuel transformation of trade finance transacting”, with blockchain technology. In an announcement at the annual SWIFT-organized Sibos conference, Microsoft and Bank of America Merrill Lynch underlined their collaborative aim to usher in blockchain technology to...