Waves Enterprise, the globally-acclaimed hybrid blockchain network that infuses private and public permissioned blockchain technologies, has signed a memorandum with Microsoft’s Russian office to lay efforts in developing corporate blockchain projects and cloud storage solutions. The team took to its Twitter handle to broadcast the news about the partnership. The post read:
#WavesEnterprise and @RusMicrosoft have agreed to jointly develop corporate solutions based on #blockchain and cloud technologies. Find out more about the two companies' collaboration areas on our blog.https://t.co/rPeRMt4E2x
— Waves Enterprise (@wvsenterprise) July 16, 2020
As part of the integration, Waves Enterprise will utilize and infuse the excellence of Microsoft Azure cloud solutions to hold joint initiatives triggering the adoption of blockchain solutions for corporate entities. This will lay the foundation of a new application module for blockchain and solutions in the form of- Blockchain-as-a-Service- network. The service will play a significant role in a variety of fields, including supply chain management, data providers, and tokenization of industrial products.
Christina Tikhonova, President of Microsoft Russia, stated,
The spearhead added that she is confident that the team-up will trigger blockchain adoption in the corporate sector in Russia and in other parts of the globe.
Waves Enterprise shall be listed on the Microsoft Azure Marketplace. The users will be able to enjoy easy access to Waves products on a global scale under Microsoft’s widescale cloud network. By accessing products from the cloud, the firms will have access to a quick and economic rollout mechanism as they will not have to incur extra costs on infrastructure or fine-tuning. The firm will also be included in Microsoft Azure Stack Hub, the hybrid cloud platform. This will help businesses use hybrid cloud services while infusing Waves blockchain nodes in their own infrastructure within the Azure Stack ecosystem.
Both the firms will design a cloud service relying on Azure analytical tools and services, which will be joint with the blockchain infrastructure of Waves Enterprises. This will aid in the collection of structured data, including analytical reports and data graphs for business processes from the blockchain and related apps irrespective of the node location. Other services offered by the solution include automatic smart contract audit, analysis of network transactions for anomalies or intrusion attacks, and token flow visualization. The users will get a fair deal to team up with external solutions to strengthen smart contracts working inside the system like insurance or risk factors.
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