Microcsoft Partners With China Binary Sale Technology On Blockchain Techbr>
Tech giant Microsoft has teamed with tech investment firm China Binary Sale Technology to upgrade and transform a variety of industries, including e-commerce, finance and entertainment, using blockchain technology.
The blockchain strategy cooperation, which will focus on the Asia-Pacific region, aims to harness the unlimited commercial potential of blockchain technology. The partnership will see Microsoft provide its Azure cloud platform as a base for MasterDAX, China Binary’s blockchain service. It will provide developers with a pre-built network and infrastructure which will allow them to simplify the development process. Once the Azure blockchain network is linked to cloud services such as Azure Active Directory, Key Vault, and SQL Database, developers will also be able to make bold innovations.
Sun Jiangtao, Founder of China Binary, said that Azure Blockchain Workbench can significantly shorten the development cycle of China Binary’s blockchain infrastructure. In addition, Jiangtao said Azure can provide functions like cognitive APIs, automated programs (such as web robots), machine learning, and Blockchain as a Service (BaaS), which can help them effectively build intelligent solutions for customers.
“China Binary is quite optimistic about the blockchain commercial markets in Taiwan and Southeast Asia,” said Jiangtao. “Taiwan enjoys absolute unrivaled advantages such as abundant talents and a 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.”
MasterDAX has already provided services to blockchain companies in more than 30 countries across the world. Microsoft Taiwan’s general manager Sun Jikang believes that Azure can enhance the security and operation speed of the MasterDAX platform and would become a key blockchain cloud technology platform for China Binary to create commercial solutions.
“Microsoft Azure can enhance the security and improve computing speed of China Binary’s blockchain services, which is also key to China Binary’s selection of Microsoft Azure as the cloud technology platform to develop commercial blockchain solutions,” said Jikang. “Whereas, High Cloud acted as an intermediator and is an important partner for the customized services of China Binary and Microsoft’s commercial applications.”
Last month, Microsoft partnered with consulting firm EY to launched a blockchain solution for content rights and royalties management. The solution is designed to enable increased trust and transparency between industry players, significantly reduce operational inefficiencies in the rights and royalties management process, and eliminate the need for costly manual reconciliation and partner reviews.