Microsoft has also been fueling financial institutions’ use of the blockchain by supporting the R3 consortium, a network of banks and tech innovators to explore the potential role of the blockchain in moving money.
The ventures represent Microsoft’s confidence in the disruption of blockchain technology, a sentiment reiterated by Azure’s technology strategist for financial services, Marley Gray.
“We see a huge opportunity here,” Gray said in a recent interview with NewsBTC about the blockchain-based efforts. “Enterprise-scale and enterprise-grade infrastructure is going to be vitally important for this financial infrastructure that will be woven using blockchain over these next few years.”
With Microsoft evolving as a Blockchain-as-a-Service company, Gray added that Azure can eventually be a backbone for introducing Ethereum and similar technologies into real-world scenarios as the market begins to experiment with these tools.
Moving forward, the executive said that these solutions must be enterprise-grade in order for them to make a positive impact on the market and deploy successfully.
