Technology giant Microsoft (NASDAQ:MSFT) has teamed up with Taiwan-based China Binary Sale Technology and High Cloud to unveil a strategic cooperation on blockchain to upgrade and transform a variety of industries, including finance, entertainment, e-commerce and others for future development.
The project will focus on the Asia-Pacific region, while at the same time aiming to influence the rest of the world by harnessing the unlimited commercial potential of blockchain technology, the group said in a statement.
Sun Jiangtao, founder of China Binary, commented on the deal:
"China Binary is quite optimistic about the blockchain commercial markets in Taiwan and Southeast Asia. Taiwan enjoys absolute unrivaled advantages such as abundant talents and profound knowledge of the Southeast Asian market. Through this cooperation, we expect to make the Taiwan market the stronghold of the blockchain business development and the outpost for the Southeast Asian market."
Under the agreement, China Binary’s MasterDAX will utilize Microsoft Azure to develop blockchain projects by providing a pre-built infrastructure and network for blockchain developers. MasterDax will simplify the development process of each blockchain project to encourage innovation after linking Azure’s blockchain network to cloud services, like Key Vault, SQL Database, and Azure Active Directory.
"Azure Blockchain Workbench can significantly shorten the development cycle of China Binary’s blockchain infrastructure. In addition, Azure can provide functions like cognitive APIs, automated programs (such as web robots), machine learning, and Blockchain as a Service (BaaS), which can help us effectively build intelligent solutions for customers,” Jingtao added.
Microsoft Taiwan general manager Sun Jikang expressed confidence that Microsoft Azure is capable of improving the security and computing speed of China Binary’s blockchain services. This feature is the main reason why China Binary selected Microsoft Azure as its cloud technology platform for the development of its commercial blockchain applications.
Jikang added, “Whereas, High Cloud acted as an intermediator and is an important partner for the customized services of China Binary and Microsoft’s commercial applications."
Previously, Microsoft entered into a partnership with Ernst & Young (EY) to develop a massive blockchain project that focuses on intellectual property and management of royalties.
The product was launched last week and will initially apply to Microsoft’s gaming unit.
This article appeared first on Cryptovest
