Microsoft integrates blockchain into Nasdaq services

[Paha87]

The American Corporation Microsoft software to integrate its technology with Azure Blockchain in exchange of the financial structure of the Nasdaq Inc.

According to a recent announcement, Microsoft will integrate its Azure blockchain service with NFF technology, which provides software for trading infrastructure and outsourcing operations, as well as implementing Nasdaq technology for market surveillance.

In the framework of cooperation of the parties, as reported, will develop "the ability of the blockchain agnostic", which will allow you to work in several registers at the same time. The new product is said to facilitate the negotiation of transactions between buyer and seller, manage delivery, and optimize the payment process and transaction accounts.

It is reported that the integration of Azure Blockchain will allow NFF users to deploy various blockchain nodes through one common interface, in addition to promoting the development of technology on the exchange.

Tom FEI, senior Vice President of enterprise architecture at Nasdaq, said that "partnering with Microsoft eliminates some of the complexities of integrating blockchain technology into existing infrastructures," adding:

Our NFF integration with its blockchain services provides a level of abstraction, making our offering cost-effective, secure, scalable, and ultimately help us to continue to explore a wider range of blockchain use cases for customer services.

Not the first time
Recently, Nasdaq released a new patent for its own blockchain technology, which refers to "an information computer system that provides for the safe release of time-sensitive information to recipients through the blockchain." According to the patent, the company seeks to facilitate the timely submission of information to the media, while maintaining the security and security of sensitive data from a legal point of view.

Last month, the head of alternative data Nasdaq bill Doug said the company is exploring the addition of sets of cryptographic data to your analysis tool market. However, it remains unclear whether the new product will be linked directly by blockchain or cryptocurrency.

In August, Azure has implemented the algorithm of authentication (PoA) in its blockchain-the product created on the basis of Ethereum. The PoA algorithm is based on the principle of approved identifiers (validators in the blockchain) and does not require competition when completing transactions. The new Ethereum product on Azure is equipped with a number of features to ensure its proper functioning and security, such as leasing system, support for Parity, Azure Monitor and support for decentralized applications (DApp).

Link to the source of information (Russian) - https://altstake.io/news/microsoft-integriruet-blokcheynv-servisy-nasdaq