Microsoft Endorses Blockchain

MIT Technology Review posted this article on Microsoft’s endorsement of blockchain-type technology. Last fall a group of banks announced their intention to develop this technology (see “Banks Embrace Bitcoin’s Heart but not its Soul“). The new development is that they are moving forward with Etherium based products running in Microsoft’s Azure cloud environment. The critical quote:

“We see a huge opportunity here,” says Marley Gray, who leads Microsoft’s project and is technology strategist for financial services at Azure. “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.”

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