Microsoft continues their push to bring their Blockchain-as-a-Service to as many enterprises and developers in the world as possible. Moreover, the company recently joined the Chamber of Digital Commerce, which strengthens the company’s position in the field of distributed ledgers.
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Chamber of Digital Commerce Welcomes Microsoft
In a somewhat surprising announcement, Microsoft told the world they have become an active member of the Chamber of Digital Commerce. Cryptocurrency enthusiasts will know this name as they are a major trade organization focusing on Bitcoin’s underlying blockchain technology, how it can be used, and which possibilities are on the horizon.
With such a significant focus on blockchain technology all over the world these days, it is of the utmost importance to identify critical use cases. Not every business model will have the same need for particular blockchain projects or platforms, yet the flexibility of this technology allows developers and engineers to scale the solution to their needs.
Microsoft has ventured into the world of distributed ledgers with their blockchain-as-a-service business model on the Azure platform. Not only does this provide quick and convenient access to blockchain technology for developers, but they can also benefit from other tools offered by Azure, such as multi-factor authentication. The Microsoft BaaS initiative launched in November of 2015, and their number of partners keeps growing month over month.
Microsoft Director BizDev Strategy for Blockchain, Marley Gray, explained the situation as follows:
Microsoft is thrilled to join the Chamber of Digital Commerce. We firmly believe industry collaborations are critical to bringing distributed ledger technology to market. The work of the Chamber will advance distributed ledger technology in a thoughtful, pragmatic way.
Given this commitment to blockchain technology, it only makes sense for Microsoft to join the Chamber of Digital Commerce. Doing so gives the technology giant a way to get in touch with regulators and policymakers who are involved in distributed ledgers. In recent months, the blockchain has come under scrutiny by politicians, as questions arise as to whether or not specific regulatory requirements are needed.
However, there is a fine line to walk between embracing blockchain innovation and hindering growth in the sector. A recent meeting at the European Parliament resulted in no further action being taken in the blockchain regulatory space in Europe for now. Whether or not the same lenient approach will be taken in the rest of the world, remains to be seen, which makes the involvement of Microsoft in the Chamber of Digital Commerce all the more valuable.
Bringing together companies involved in blockchain technology – such as Microsoft, in this case – is what makes the Chamber of Digital Commerce a significant player for distributed ledger enthusiasts. Moreover, the Digital Chamber is also focusing on training and educating newcomers in the world of this technology.
Chamber of Digital Commerce President and Founder, Perianne Boring, stated:
Market leading companies continue to enter the blockchain ecosystem at an unprecedented pace — further underlining the importance and potential of this transformative technology — and they quickly realize that education and advocacy efforts are mission-critical to the success of this industry’s future. We welcome Microsoft, USAA, Bloq and Symbiont, and their innovative teams to the Chamber of Digital Commerce and look forward to driving blockchain and distributed ledger technology forward in DC, and beyond.
Last but not least, Microsoft also provided a small update on their blockchain-as-a-service offering. Several new partners have been added, including Storj, Blocknet, and OKCash. Additionally, the Ether.Camp Ethereum Studio IDE to develop Solidity contracts is now available as well.
What are your thoughts on Microsoft becoming a member of the Chamber of Digital Commerce? Let us know in the comments below!
Source: Microsoft Azure Blog
Images courtesy of Microsoft, Chamber of Digital Commerce