When Microsoft decided to link its Azure enterprise platform into the toolsets offered by ConsenSys, it meant business users of Azure could build their own applications using Ethereum technology.
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.
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