Waves Enterprise and Microsoft announce partnership

Russian blockchain company Waves Enterprise has entered a five year partnership with Microsoft with it being added to the Microsoft Azure Marketplace

Waves Enterprise has announced a partnership with Microsoft that will see the blockchain platform be added to the Microsoft Azure Marketplace.

According to a press release, Waves Enterprise will be able to actively use and integrate with Microsoft Azure cloud technologies for joint initiatives aimed at the adoption of corporate blockchain solutions.

As a result, a new application model for blockchain and solutions based on this integration will be available, with it being named Blockchain-as-a-Service (BaaS). The main application scenarios for BaaS include supply chain optimisation, data notary and tokenisation of industrial assets.

Christina Tikhonova, president of Microsoft Russia, said: Waves Enterprise is one of the leading international blockchain platforms, which substantially contributes to the development of an ecosystem for decentralised solutions globally. For Microsoft, it is vital to support developers of innovative solutions and foster wide availability of contemporary tech tools for the development of Russian business.

She added: “We are confident that our partnership will facilitate the full realisation of blockchain technology in the corporate sector in Russia and also, globally.

Waves Enterprise and Microsoft plan to jointly develop a cloud service based on Azure analytical tools, which will be integrated with Waves Enterprise’s blockchain infrastructure.

This service will facilitate collecting structured data, including analytical reports and data graphs related to business processes from the blockchain and blockchain apps, regardless of whether nodes are located in the cloud or stored locally.

Wave Enterprise CEO, Sasha Ivanov, said: “We believe, that exchange of experience with world IT leader and one of the most technologically advanced cloud company will provide implementation best world practices. We plan to develop innovative service models of corporate blockchain solutions.”

Under the five-year agreement, the companies will also jointly develop scenarios allowing businesses to use the blockchain technology for optimising corporate processes.

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