Microsoft Technology Corporation and financial holding JPMorgan announced the start of cooperation aimed at integrating the blockchain initiatives they are developing.
Quorum Blockchain, which JPMorgan has been working on for four years, will be the first distributed registry available to Azure Blockchain users. As part of the transaction, Microsoft will provide engineering support, advice, and support in bringing the platform to market.
Mark Russinovich, technical director of the cloud services division of Microsoft, stated that "the choice of Quorum was natural, since it is based on the popular Ethereum protocol."
He also noted that Microsoft’s corporate customers will be able to conduct “confidential transactions”, while “Quorum customers such as Starbucks and Louis Vuitton” will be able to take advantage of the Azure service and work on blockchain development in the cloud without having to allocate large budgets. .
According to Russinovich, in the coming months, Azure will increase the scope of its offer, “to include in it the management of digital tokens, improved integration of applications and support for Corda Enterprise from R3”.
With the help of new cooperation, companies will try to meet the needs of corporate clients, developers and solution providers associated with blockchain applications.
In April, Microsoft, together with the Enterprise Ethereum Alliance, launched a project aimed at standardizing the release of corporate cryptocurrency tokens.