Key Points:
This partnership was formed about seven months after Microsoft’s venture capital arm, M12, led a $20 million strategic funding round for Space and Time. It is clear that Microsoft has been keeping a close eye on the development of blockchain technology.
The Azure Marketplace is an online store that provides applications and services for use on Microsoft’s Azure cloud platform. The Azure platform is ranked as the second largest cloud infrastructure services provider in the world, according to Statista data.
Space and Time offers real-time data indexed from major blockchains combined with off-chain datasets provided by customers. This hybrid transactional and analytic database is pre-loaded with real-time blockchain-native data.
The Azure Marketplace’s one-click deployment means that developers can easily access, manage, and perform analytics on the blockchain data. This partnership will make it easy for businesses to build on the blockchain without revamping their existing tech architecture. Microsoft and Space and Time’s partnership is a significant step forward in the world of blockchain technology.
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Coincu News
Grand Cayman, Cayman Islands, 23rd May 2024, Chainwire
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