• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Microsoft Partners Up with Consensys to Introduce Blockchain-based Services. newsbtc bitcoin news
Sensei Inu Logo

Microsoft Partners Up Consensys Introduce Blockchain-based Services

NewsBTC by NewsBTC
8 years ago
in Bitcoin
Reading Time: 2 mins read

After being one of the first big multinational companies stepping into bitcoin, Microsoft is now, it taking its first steps into the blockchain technology.

Marley Gray, the director of technology strategy for financial services at Microsoft’s at Times Square-based technology center revealed there was a growing demand for this kind of blockchain tools among the company’s customers and the company was attracted to Ethereum by its flexibility. While bitcoin was designed with the single purpose of being a currency, Ethereum presents a wider range of applications.

Microsoft signed a partnership with Consensys, a Brooklyn-based startup that is building products and services for Ethereum. The Software Industry giant is going to use this partnership to develop new products and new tools for its cloud-based service platform, Azure.

Andrew Keys, the director of communications at Consensys, revealed he sent an unsolicited email in September to Mr. Gray proposing the idea to Microsoft and fortunately Microsoft, seemed to be very interested.

Ethereum provides businesses with a platform on which products and services can be built. This was it can eliminate the need of third parties while also being able to simplify various business functions. On the Ethereum platform, anything can be digitized, and Microsoft is hoping to introduce new products that can simplify operations, from securities trading to cross-border payments to corporate accounting.

The interest in the Blockchain technology is growing rapidly on Wall Street and firms like Symbiont, ItBit, and Overstock.com have already built their own smart-contract platforms by receiving a lot of big investments.

Consensys will be building and maintaining the service while Microsoft will be providing the distribution platform. The startup will not be getting any revenue under the partnership, but plans to offer consulting and other high-end services to Azure clients.

Microsoft sees this partnership as a way to streamline operations and potentially cut billions in costs from back-office operations while enhancing the Azure clients’ ability to quickly build products or choose from existing templates to improve operations from accounting to logistics to cross-border payments.

Source

Tags: bitcoinBitcoin Newsblockchainblockchain technologyConsensysmicrosoftNewssmart assetsStart-ups
Tweet123Share196ShareSend
NewsBTC

NewsBTC

Related Posts

Bitcoin

Bitcoin Enjoys Growing Favorable Conditions, Top Analyst Says

22 hours ago
Bitcoin crypto analyst

Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here’s Why

1 day ago
Bitcoin bear

Bearish Signal? Bitcoin Whale Wakes Up From 6-Year Slumber And Transfers $56 Million

2 days ago
Bitcoin price

Is The Bitcoin Price Rally Sustainable? On-Chain Data Provides Crucial Insights

3 days ago
Why is Bitcoin price up

Why Is Bitcoin Price Up Today? BTC Climbs Above $27,000

4 days ago
bitcoin

Glassnode Co-Founders Weigh In On Bitcoin (BTC) Path To $30,000

6 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Uwerx’s Recovery Blueprint Ignites Momentum With The...

    1 hour ago
  • Pocket Option Trading Company Is Second In TU’s Best...

    18 hours ago
  • Bitcoin Spark Drives Home Solana Killer Narrative Raising...

    20 hours ago
  • Shiba Inu, Bone ShibaSwap or Kangamoon: Which Meme Coin Can...

    21 hours ago
  • Top Three Must-Have Tokens for Investors In 2023 –...

    22 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.