In a June 28 press release, Microsoft announced that it has partnered with Tech Investment Company, China Binary Sale Technology and High Cloud to create a platform for enterprise blockchain development.
Azure Cloud platform will be provided by Microsoft as a base for China Binary’s blockchain service. This partnership among three companies intends to transform various industries such as finance, e-commerce, and entertainment, focusing in the Asia-Pacific region.
Sun Jikang, Taiwan Microsoft’s general manager, expressed his confidence about the company’s ability to improve, highlighting the technical potential of Taiwan; he stretched out “Solid manufacturing” and “excellent geographic location” and is confident in this partnership.
The founder of China Binary Sale Technology, Sun Jingtao, mentioned the crucial role of blockchain technology in business, fintech, science and other industries. He also announced the importance of combining blockchain applications with other technologies.
There have been action to promote the development of this technology, in May, the government of Taiwan already created a parliamentary blockchain, and there’s been a blockchain-based payment system announced by Taipe Fubon Commercial Bank, being the first bank to do so.