Technology giant Microsoft firm has collaborated with multinational financial services firms Hot Cool and Digital China in the expectation that the three companies could launch a new blockchain initiative to recover the financial, e-commerce, entertainment, and other industries.
The three companies blockchain alliance revealed the creativity at a conference that took place on June 28 at the Le Meridien Hotel in Taipei City. This new platform aims to do licensing and royalty remittance.
According to Sun Jikang, the general manager of Microsoft Taiwan, Microsoft Azure can expand the computing speed and safety of Digital China’s digital blockchain services.
Hu Day, director of a blockchain venture capital company named Kyber capital in Taiwan, thinks the blockchain revolution requires to begin with the financial services. He wish to generate a maintainable trade value, offer the return to investors, and resolve everyday problems first, before generating a new internet.
Blockchain Venture Capital
Microsoft’s partnership with Ernst & Young was used in any industry where mental property or assets are licensed. Although Bill Gates has alleged Bitcoin back in April of causing some deaths along the way, his company looks to be plunging straight into the technology behind it.
After the expansion of blockchain, a lot of institutions and small companies have applied AI and decentralized authority to put in the market and decrease risk in Cryptocurrency investment.
Digital China confirms that advanced approach that pertains to Microsoft, is hard to overestimate, thanks to various contributing factors, including location, research, and development foundation and ideal environment for the work on blockchain advancement.
According to iholding, there is still not much information exposed concerning the details of the partnership, so far it is the second collaboration including Microsoft, the first one being finalized with Ernst & Young.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]