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Microsoft Ankr ANKR

Breaking: Microsoft Partners With Ankr Network To Offer Enterprise Services

Reynaldo Marquez
by Reynaldo Marquez
2 years ago
·
Posted in Breaking News Ticker
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to a press release shared with Bitcoinist, big tech giant Microsoft partnered with Ankr Network to launch a hosting service. The product will allow companies to access blockchain data via a “reliable, easy-to-use” platform.

Related Reading: FTX Japan To Reenable Withdrawals, Other Subsidiaries Will Follow?
Microsofot Ankr
MSFT’s price moving sideways on the daily chart. Source: MSFTUSD Tradingview

Microsoft New Product With Ankr Network

According to the release, the service will be available via Microsoft’s cloud solution, Azure Marketplace. The product was created to provide enterprises with an “accessible gateway to blockchain infrastructure.”

The hosting service was built by combining Microsoft’s cloud platform with Ankr’s blockchain infrastructure. The service will give customers access to “low-latency blockchain connections” for any crypto and Web3 product. Chandler Song, Co-Founder and CEO at Ank said:

This was a critical step in bringing blockchain infrastructure to a growing sector of the digital economy. The partnership, while an incredible milestone for Ankr, is also a key indicator of how far the decentralized web has come in integrating with the crucial players in every layer of web systems. The end result will be an era of extremely prolific building for blockchain-based applications from new Web3 projects as well as large enterprises entering the space.

Song claims that their solution will be the “most powerful” infrastructure product for Web3 projects in the crypto industry. The solution will help projects scale their applications by supporting a “massive amount of RPC traffic.”

Related Reading: XRP-Based Wallet Xumm Partners With This Company To Enhance Retail Payments

Crypto and Web3 companies can leverage the Microsoft/Ankr service for several use cases, including deploying smart contracts, relaying transactions, manipulating blockchain data, and much more. The partners’ solution will operate as a fully managed node hosting service, but users can customize memory, bandwidth, and other components, according to their needs.

Rashmi Misra, Microsoft General Manager AI & Emerging Technologies added: Microsoft’s mission is to empower every person and every organization on the planet to achieve more. Many developers and organizations are exploring how Web3 can help solve real-world business challenges, and our partnership with Ankr will enable them to access blockchain data in a reliable, scalable, and secure way. Together with Ankr, we are building a strong Web3 infrastructure layer whether you’re a developer building the next big decentralized application (dApp) or an established enterprise exploring Web3.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Reynaldo Marquez

Reynaldo Marquez

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As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

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