[2015-11-12] Firstpost: Microsoft's big bitcoin bet

[polynesia]

Microsoft's big bitcoin bet: Launches cloud-based blockchain platform for banks

http://www.firstpost.com/business/microsofts-big-bitcoin-bet-launches-cloud-based-blockchain-platform-for-banks-2504112.html

Microsoft launched a cloud-based blockchain platform on Tuesday with Brooklyn-based start-up ConsensYs, which will allow financial institutions to experiment cheaply and easily with the technology underpinning bitcoin.

The blockchain works as a huge, decentralized ledger of every bitcoin transaction, which is verified and shared by a global computer network and therefore is virtually tamper-proof.

The financial industry is increasingly investing in the technology, betting it will reduce costs and increase efficiency.

[1714978086]

1714978086

[1714978086]

1714978086

[polynesia]

Other media houses have covered this as well.

http://gadgets.ndtv.com/internet/news/microsoft-launches-cloud-based-bitcoin-with-brooklyn-startup-764224
http://www.ibnlive.com/news/tech/microsoft-launches-cloud-based-blockchain-platform-with-brooklyn-start-up-1163181.html