The Taiwanese subsidiary of Microsoft has announced its collaboration with a large tech investment company called China Binary Sale Technology and another called High Cloud to create a platform which will encourage further enterprise blockchain development. The news was broken at the end of last week via a press release from Microsoft.
The Microsoft Azure cloud platform will be offered as a base for the China Binary blockchain platform. The three-way collaboration is intending to transform a range of industries such as e-commerce, finance, and entertainment with a geographical focus on the Asia-Pacific region.
Exciting times ahead
The General Manager of Microsoft Taiwan, Sun Jikang expressed his excitement and confidence regarding the ability of Microsoft to both improve the operational speed and overall security of the China Binary blockchain. He also added that Taiwan has a solid technological potential as well as large manufacturing sectors, a Research and Development Foundation and an “excellent geographical location”.
Blockchains important role
Sun Jingtao, the founder of China Binary noted the important role that blockchain technology has in the spheres of Fintech, business, science, and many other industries. He also emphasises the importance of creating synergy between blockchain applications and other technologies such as the Internet of Things, Artificial Intelligence, and biometrics.
At the end of May, the Taiwanese government launched a parliamentary blockchain group that would further promote the development and growth of the technology. On May 14th, the Tapei Fubon Commercial Bank made an announcement that it had deployed a blockchain-based payment system that saw them become the first bank in Taiwan to do this.
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