R3 and Microsoft expand tech partnership
Written by Chris Lemmon
R3 and Microsoft have expanded their strategic partnership to further accelerate adoption of R3’s Corda platform amongst businesses using Microsoft Azure.
Blockchain consortium R3 developed Corda, a distributed ledger platform for financial services, in collaboration with its member banks. The latest partnership will now offer deeper integration of the Corda platform with Azure making it easier for businesses to deploy underlying computing resources for blockchain networks. The expansion reaffirms Azure as R3’s preferred cloud provider.
R3 and Microsoft also aim to offer effortless deployment of Corda and Corda networks on Azure. This new functionality will enable businesses to quickly and easily set up Corda nodes and networks, reducing time and cost of deployment which are major considerations when adopting distributed ledger-based platforms.
Through deeper integration, businesses can also leverage the platform’s advanced integration capabilities to enable seamless integration of Azure services with Corda, including SQL Database and in the future other services such as Azure Active Directory, Key Vault and Express Route. This will enable developers to design and build apps on Corda, known as CorDapps, using familiar tools.
David Rutter, CEO of R3, commented: “Deepening our relationship with Microsoft helps put Corda at the fingertips of millions of businesses across the globe. The platform gives companies complete freedom to develop and deploy innovative DLT-based solutions to their customers’ specific challenges.
“Integrating Corda with Azure streamlines and simplifies the development and deployment process, and ultimately helps businesses expedite commercial deployment of CorDapps.”
Peggy Johnson, executive vice president, Microsoft, added: “Blockchain technology has the potential to unlock incredible value for businesses across industries. By expanding our partnership with R3, we’re making it easier for our customers to harness blockchain technology on Microsoft Azure so they can focus on building real-world business solutions, applications and pilots.”