Microsoft Adds Ripple to their Blockchain Toolkit

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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 of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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