Microsoft, Waves Enterprise to develop corp blockchain in Russia

MOSCOW, Jul 16 (PRIME) -- Software giant Microsoft and blockchain platform Waves Enterprise will develop a corporate blockchain in Russia and launch a cloud service to analyze transactions and audit smart contracts automatically, a Waves Enterprise spokesperson told PRIME on Thursday.

The partners signed a memorandum of cooperation for five years, under which Waves Enterprise’s solutions will be integrated into cloud services Microsoft Azure Marketplace and Microsoft Azure Stack Hub.

The companies’ solution can be used to optimize a chain of delivery and tokenize assets of companies and other processes.

According to Waves Enterprise, the market of blockchain as a service in Russia will grow to 10 billion rubles in 2020 from 4 billion rubles in 2019.

(70.7998 rubles – U.S. $1)

End %%ee/jst%%