Synechron, specialist for the financial services industry, may join the Microsoft Azure Blockchain Council.The Council consists of a select group with which Microsoft will work together to build, unlock and manage blockchain applications on Azure.
Members deal with blockchain requests for proposals (RFPs), together developing ‘proof of concepts’, and promoting new blockchain applications. They all have access to Microsoft’s blockchain developer team and affect the future Microsoft’s blockchain offering.
The members have been selected based on the opportunities to renew the market, location and the blockchain projects they have already developed. Synechron has been chosen for the innovative work already done with the development of blockchain applications on Ethereum, Quorum, Corda, and Hyperledger platforms.
According to Microsoft, more and more companies, industries and public organizations use blockchains to make and verify virtually direct transactions, thus streamlining business processes, saving money and reducing risk of fraud. In essence, a blockchain is a data structure for creating a ledger for digital transactions that is not owned by one carrier but is shared in a distributed network of computers. The result is a more open, transparent and publicly verified system that will lead to a fundamental change in the way we think about exchanging value and assets, enforcing contracts, and sharing data between different industries. The number of applications for which blockchains are used is almost infinite,
Mirosoft BaaS (Blockchain as a Service) provides a fail-risk platform for organizations to collaborate by experimenting with new bed processes, supported by the Azure Cloud Platform