Marley Gray, Director, BizDev & Strategy – Cloud and Enterprise at Microsoft has blogged that nine new partners have joined up in their Blockchain-as-a-Service (BaaS) platform – Jambucks, Bitswift, Storj, Vcash, Shadow, Blocknet, Blitz, Gamecredits and Okcash – all of which can be tested out in Azure DevTest labs.
The Blockchain team as been beefed up with two new BaaS bloggers as well – Yorke Rhodes, global business strategist, focused on our partner blockchain ecosystem will be providing updates for new and existing partners (BaaS updates) into the program as well as industry business insights. As well as Jason Albert, assistant general counsel at Microsoft focused on distributed ledgers from a legal, regulatory and compliance standpoint will be blogging about activities regarding our work with the Digital Chamber of Commerce, legislation, regulations and compliance issues in this space.
And Gray also announced that they have joined the Chamber of Digital Commerce.
The Digital Chamber is a new trade association focused on the possibilities and potential of distributed ledgers.
Companies small and large are increasingly exploring the potential of distributed ledgers, aka blockchains. Distributed ledgers, as their name suggests, consist of multiple online registers in which transactions can be recorded. Each transaction is tied to the previous one and verified through use of cryptography. This series of transactions comprises the blockchain. Blockchains provide tamper proof ledgers that multiple parties can agree upon creating a system of verified transactions and ownership.
Distributed ledgers have multiple potential uses. The virtual currency Bitcoin is the most famous at present, with the ownership and supply of Bitcoins controlled and verified through distributed ledgers. But, it is only the tip of the iceberg. Imagine real-time instantaneous direct transfers of money, smart contracts that can be entered into, verified, and performed online or decentralized patient record management. Distributed ledger technology can make all of these possible, as well as other forms of distributed applications.
At Microsoft, we’re focused on providing the best platform and home for distributed ledgers, bringing together the technological promise of blockchain with the power and capabilities of Azure, such as Azure KeyVault, multi-factor authentication, and more. We brought Blockchain as a Service to market with Ethereum in November of last year and since then have added over a forty partners. Most recently, the R3 consortium of over 40 major banks chose Microsoft Blockchain as a Service as their preferred platform to experiment and develop new blockchain-related offerings.
As we work with others in the industry to explore the promise of this technology, it is equally important to engage with regulators and policymakers as they think about distributed ledgers. Virtual currency is already the focus of regulatory interest at both the state and Federal level in the US as well as in other markets around the world. We welcome this, as it is vital that users be protected and virtual currencies not become a haven for criminal activity. But even as this particular application of distributed ledgers is regulated, it is important to recognize that other uses are still evolving or nascent, and need the freedom to develop and grow.
The Digital Chamber provides a vital and needed voice as regulatory frameworks develop. By bringing together companies at the forefront of the industry to share their experiences and plans, the Digital Chamber will help provide input into important public debates about the uses of distributed ledger technology and how to enable it to flourish while protecting the public. The Digital Chamber is also working on establishing training, education, and self-regulatory schemes to assist new entrants, helping to grow innovation across the industry. We look forward to working with the Digital Chamber and its members as use of distributed ledgers grows and evolves.
- Toronto’s Creative Destruction Lab Joins Facebook’s Libra Association - June 19, 2019
- Australia’s Power Ledger to bring P2P Energy Trading to Austria - June 19, 2019
- Litecoin Foundation Teams Up With Bibox And Ternio On Special Edition Litecoin Debitcard - June 19, 2019
- US Legislators Call for Halt to Facebook’s Cryptocurrency Plans – And to Face Congress - June 19, 2019
- Hyperledger Welcomes Diverse Line-up of New Members for Identity Project - June 18, 2019
- Facebook Announces Calibra Digital Wallet and Libra Cryptocurrency - June 18, 2019
- MIT Professor Silvio Micali’s Algorand Project Announces Date for First Auction - June 6, 2019
- SEC sues Canadian Messaging Service Kik Selling Unregistered Securities in its $100 million ICO - June 4, 2019
- CrowdEngine Teams Up With Polymath Adding Security Token Issuance to List of Crowdfunding Services - June 3, 2019
- Bitcoin Inc. CEO Morgan Rockcoon Busted – 21 Months in Prison and Fines - June 3, 2019
- Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia - June 3, 2019
- Swisscom TV Opens Blockchain-based Art Gallery - June 3, 2019
- Canadian Messaging Service Kik Burns $5 Million Fighting SEC Over Utility Tokens, Now Raising $5 Million More to Continue Battle - June 3, 2019
- Salesforce Introduces CRM Blockchain Platform For Selected Clients - June 3, 2019
- Block.one Plans to Tackle Pitfalls of Social Media With New Blockchain Community Called “Voice” - June 3, 2019
- CasperLabs and Ethereum on Proof of Stake Protocol at CryptoChicks in Toronto, family ran Hack-A-Thon for blockchain family - June 3, 2019
- World Economic Forum Inaugurates Global Blockchain Council to Address Lack of Well-Defined Rules for Working with Blockchain - May 29, 2019
- India’s First Blockchain Powered VoD Platform ‘myNK’ Launches At Cannes Film Festival - May 27, 2019
- New Zealand’s Cryptopia Exchange Packs It In – Announces Liquidation - May 15, 2019
- Canadian Blockchain Expert Alex Tapscott and NextBlock Global Limited to Pay $1M for Misleading Investors - May 15, 2019