Microsoft Adds Ripple to their Blockchain Toolkit

170

Share with:


Microsoft has cut a deal with Blockchain company Ripple to add a pure play transactional financial services angle to its recently released blockchain-as-a-service (BaaS) toolkit. 

Microsoft recently announced in October plans to provide a blockchain platform on its Azure cloud using Ethereum. The idea is to create a “fail fast and cheap” ecosystem to mix and match technologies in a Dev-Test sandbox for customers experimenting with blockchain technologies.

Under the plans, customers will be able to evaluate different implementations, performance test and build prototypes in a one-click environment, and make it available to end-users for refinement and performance testing.

In an update on the programme, Marley Gray, Microsoft’s director of technology strategy for US financial services, says several packages are in the pipeline with reference implementations and samples specific to financial services, via the adoption of C++ Ethereum and Ethereum on Windows Server.

“We’re exploring how the Interledger Protocol can be used by the Azure enterprise and developer community to enable new and novel use cases within Microsoft’s blockchain as a service offering, said Gray.”

He says Azure BaaS is already operating a validating node for the benefit of bank users on the Ripple concensus network.

“Microsoft would like to onboard Ripple’s recently introduced Interldger Protocol, which enables transactions between distributed and traditional bank ledgers, as part of the package.”

 

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

Visit Website
View All Articles
Chronoform

Get Blockchain News Where You Are!

Join our Linked in GroupLike our Facebook Page
Linkedin Group BlockchainLinkedin Facebook Group