Microsoft Joins Forces with Ripple Labs

News and Analysis

In October, Microsoft has announced its intent to include a blockchain platform in its Azure cloud service with Ethereum. Now it became known that the corporation cooperates with Ripple in further development of its BaaS (blockchain-as-a-service) toolkit.

This will allow the customers and end-users to carry out performance tests and do other things in a one-click environment.

According to Marley Gray, technology strategy director for US financial services, BaaS is currently running a validating node on the Ripple network.

“We’re exploring how the Interledger Protocol can be used by the Azure enterprise and developer community to enable new and novel use cases within Microsoft’s blockchain as a service offering,”
Gray said.

Moreover, he stated the corporation’s intent to incorporate Ripple’s Interledger Protocol to facilitate transactions between centralized and distributed ledgers.

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