Nasdaq to find use for Microsoft Azure

Posted 31 October, 2018

Microsoft will cooperate with Nasdaq Inc regarding integration of its Azure technology to the platform.

"We are excited to work with Nasdaq to apply cloud and blockchain technologies to industry problems that they deeply understand, and enable their continued success," stated Microsoft.

Nasdaq spokesperson noted that Azure is "unlocking the power of the blockchain while removing major complexities". With Microsoft solution, Nasdaq will start "offering ledger-agnostic, secure, highly scalable" services. Moreover, Azure will help the company to cover more customer use cases for blockchain.

Microsoft stated that this cooperation will eliminate the compatibility problems in creating a system that makes different technologies to work jointly. As a result, it will cover not just a blockchain, but the whole blockchain system.

The company noted in the press release:

"These offerings create a sophisticated blockchain system that allows various technologies to work together in a secure, scalable way, and enable Nasdaq to meet their customer requirements across multiple projects".

Moreover, Azure is said to enable Nasdaq users to deploy distributed networks using the uniform interface.

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01 November, 2018 11:20

← HKEX targets blockchain-based post-trade instrument

The Hong Kong Stock Exchange has reportedly entered into an agreement with Digital Asset to create a tool for post-trade processing. The new blockchain instrument is said to be applied to Northbound Stock Connect, the system developed by HKEX back in 2014. This is system is designed for overseas and Chinese investors allowing them to trade securities in each other' markets making use of trading and clearing solutions provided by the local trading platforms. The companies have already completed the functional part of the system. Specifically, with the pilot product, the group of insiders can set the settlement scheme in advance, which means they can avoid problems summoned by the time difference in their countries.

HKEX targets blockchain-based post-trade instrument

Next story

31 October, 2018 16:17

Crypto trading and payments can be banned in India →

The Indian authorities have finally started discussing the private crypto issue following the period of uncertainties. During the 19thMeeting of the Financial Stability and Development Council (FSDC) held under the Chairmanship of the Union Finance Minister, Shri Arun Jaitley the officials got back to the cryptocurrency issue. The regular meeting, as the press release reads, was dedicated to the global and domestic economic situation and financial sector performance. It is said to the related council had to submit the legal platform for the digital coins. However, the authority actually put forward a proposal to ban cryptos in the country.

Crypto trading and payments can be banned in India
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