Waves Enterprise has announced a partnership with Microsoft Russia for the joint development of the blockchain within the companies of the country.
The strategic collaboration will take place in the area of enterprise blockchain solutions and cloud technologies.
This will allow the international blockchain platform Waves Enterprise to integrate with Microsoft Azure’s cloud technologies for joint initiatives to promote the adoption of enterprise blockchain solutions.
Waves is a Moscow-based tokenization platform, founded in July last year to offer services to corporate customers on private blockchains.
This will deliver a new application model for blockchain, and new Blockchain-as-a-Service (BaaS) solutions based on this integration. The main scenarios in which this solution could be used include supply chain optimization, data notarization, and tokenization of industrial assets.
In fact, with this agreement Waves Enterprise will be added to the Microsoft Azure Marketplace, making Waves Enterprise products available to a wide range of companies, not only in Russia. In addition, the implementation of BaaS solutions directly from the cloud will make the implementation process faster and cheaper, since it will not require additional costs for business infrastructure, or for the set-up.
Finally, Waves Enterprise will also be included in Microsoft Azure Stack Hub to allow companies to deploy the Waves Enterprise enterprise blockchain node within the Azure Stack environment.
Microsoft and Waves also plan to jointly develop a cloud service based on Azure’s analytical tools, which will be integrated into Waves Enterprise’s blockchain infrastructure in the future, to facilitate the collection of structured data such as analytical and graphical reports.
Other features will be automatic smart contract revision, network transaction analysis to look for anomalies or tampering attempts, token flow visualization, and an option for integration with external solutions.
Microsoft Russia President Christina Tikhonova said.
“Waves Enterprise is one of the leading international blockchain platforms, which substantially contributes to the development of an ecosystem for decentralized solutions globally.
For Microsoft, it is vital to support developers of innovative solutions and foster wide availability of contemporary tech tools for the development of Russian business. We are confident that our partnership will facilitate the full realization of blockchain technology in the corporate sector in Russia and also, globally”.