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.