Microsoft and Space and Time, a decentralized data platform, have teamed up to provide real-time blockchain data to developers directly from the Microsoft Azure Marketplace. This collaboration comes after Microsoft’s venture capital arm, M12, led a $20 million strategic funding round for Space and Time about seven months ago. The Azure Marketplace is an online store that offers applications and services for use on Microsoft’s Azure cloud platform, which is the second-largest cloud infrastructure services provider in the world, according to Statista data. Space and Time provides real-time data indexed from major blockchains, combined with off-chain datasets provided by customers, to create a hybrid transactional and analytic database that is pre-loaded with real-time blockchain-native data.
Through the Azure Marketplace, developers can access, manage, and perform analytics on the blockchain data with just one click. Businesses can build on the blockchain without the need to revamp their existing tech architecture. “Partnering with Microsoft makes a lot of sense for us, and to build with Azure adds a tremendous amount of value for our organization as we build these pillars to ensure that the world has verifiable data in a time where the complexity of data and the transparency of data is going to be more vital than it’s ever been,” said Space and Time co-founder and CEO Nate Holiday in an interview with CoinDesk.
The partnership between Microsoft and Space and Time is expected to increase the adoption of blockchain technology by businesses and developers. The availability of real-time blockchain data on Azure Marketplace will make it easier for developers to build blockchain-based applications without the need for extensive technical knowledge. The partnership will also help businesses to leverage the benefits of blockchain technology, such as increased transparency, security, and efficiency, without disrupting their existing tech infrastructure.
Microsoft has been actively exploring the potential of blockchain technology for several years. The company has developed its own blockchain platform, Azure Blockchain Service, which allows businesses to build their own blockchain networks. The platform supports various blockchain protocols, including Ethereum, Hyperledger Fabric, and Corda. Microsoft has also partnered with several blockchain startups, including ConsenSys, R3, and Chain, to develop blockchain-based solutions for various industries.
The partnership with Space and Time is another step towards Microsoft’s goal of democratizing access to blockchain technology. By making real-time blockchain data easily accessible to developers on Azure Marketplace, Microsoft is helping to accelerate the adoption of blockchain technology and drive innovation in a variety of industries.
In conclusion, the partnership between Microsoft and Space and Time is a significant milestone in the adoption of blockchain technology. The availability of real-time blockchain data on Azure Marketplace will make it easier for developers and businesses to leverage the benefits of blockchain technology without the need for extensive technical knowledge or disrupting their existing tech infrastructure. This partnership is expected to drive innovation and accelerate the adoption of blockchain technology in various industries.