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Microsoft’s & blockchain: NEO joins Microsoft’s .Net Foundation

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NEO joined Microsoft’s .NET Foundation becoming a major asset in Microsoft’s efforts for blockchain technology. After the integration, NEO would introduce a new set of tools for Microsoft Visual Studio assisting users in deloping NEO dApps.

NEO and Microsoft’s efforts for blockchain

Although NEO has just joined .NET Foundation, Microsoft has already gotten its feet wet in blockchain technology. Microsoft’s efforts have helped developers through its Azure service enabling them to create, test and implement applications. The Azure service is linked with many popular chains including Ethereum, Corda, and Quorum.

Regardless, Microsoft’s most frequent collaborator remains JPMorgan. Earlier this year Microsoft unveiled Quorum as its first fully managed blockchain. Quorum now presents a fully developed blockchain network unlike its predecessors that only consisted of a set of developing sets. Quorum is also used for managing XBOX royalties.

Microsoft’s efforts go much deeper.

Microsoft’s efforts include memberships in various blockchain communities including Hyperledger Foundation, the Ethereum Enterprise Alliance and the Token Taxonomy Initiative. Although Microsoft has not created many products with these groups Microsoft’s efforts have helped increasing blockchain standards.

Other than the .NET Foundation Microsoft has been pouring funds into blockchain projects including ION. ION is a Bitcoin-based decentralized identity system. Microsoft has also contributed to blockchain events.

Microsoft has a specific department focused on researching innovative technologies called Microsoft Research. The department’s blockchain arm has submitted several reports over the past couple of years and was responsible for Microsoft’s venture into blockchain back in 2012. Furthermore, Microsoft’s store is Bitcoin-friendly as it allows trading Bitcoin for credits that can be used for purchases.

Regardless, compared to Amazon and IBM Microsoft is just getting its feet wet in the blockchain ecosphere.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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