Microsoft teams up with Brooklyn-based start-up ConsensYs and launched Tuesday a cloud-based blockchain platform that lets financial firms experiment on bitcoin in a cheap and easy manner.
Reuters reported that the blockchain is like a big, decentralized ledger that has every bitcoin transaction that is tamper-proof since a global computer network verifies and shares the platform. There are a lot of financial companies that are investing in the new technology since they expect it to increase efficiency and cut cost in learning how to deal through the Bitcoin industry.
According to the International Business Times, Ethereum’s chief technology officer Gavin Wood recently said that some giant IT companies could use their product as an effective marketing tool. Now, Microsoft is launching the blockchain platform for Bitcoin transactions in the Azure cloud with ConsensYs, which also offers Ethereum applications. Microsoft seems to be undergoing a process of integration to keep up with the fast changing market and to make sure that their competition can work with the technologies they offer. Azure now works on Linux and Windows.
http://bitcoinwarrior.net/2015/11/microsoft-joins-forces-with-brooklyn-start-up-consensys-to-launch-cloud-based/
