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For More Blockchain in India: Microsoft and Jio Announce Partnership

August 12, 2019 at 2:30 PM | By Jit Sutradhar Companies

Together with the telecommunications company Jio, Microsoft plans to increase its involvement in India. The two companies announce a strategic partnership to drive digital transformation in the Indian subcontinent.

AI, data analysis, the Internet of Things (IoT) as well as Cloud Services wants to revolutionize Microsoft in India. To this end, the US company joins Jio, a strong partner with a lot of market experience in India. Above all, the partners have their eyes on the promotion of start-ups in the country. In addition to large data centers, which Microsoft plans to set up at various locations in Gujarat and Maharashtra, the expansion of cloud solutions is also planned especially for young companies:

Jio will promote the expansion of the Microsoft Azure Cloud Platform to provide innovative cloud solutions specifically for Indian companies […]. Indian start-ups will have access to more efficient and cheaper cloud infrastructure. They can offer their business projects so much faster and more cost-effectively,

it says in the press release.

“This is a unique partnership that combines the power of two major companies to bring real value to Indian companies,” said Mukesh Ambani, Jio’s manager. He continued, “Microsoft’s cloud solutions will drive the digitization of the Indian economy. This will help us to become more competitive on the world market. ”

Not the first blockchain attempt by Microsoft

It was not until July that it was announced that the blockchain start-up Stratis had developed a product that allows developers to write Smart Contracts on Microsoft’s .NET Framework . Microsoft’s .NET is a free developer platform for creating apps. Developers can write in C #, F # or Visual Basic on the open source platform.

Microsoft has been a member of the Hyperledger consortium since June of this year . It is an amalgamation of a large number of tech companies working together on blockchain solutions for the industry known as enterprise blockchain solutions. Furthermore, in collaboration with the ConsenSys subsidiary Truffle, the company is working to improve the usability of smart contracts, we have reported .

While Jio wants to move forward with blockchain technology in India, the status of cryptocurrencies remains unclear.

Image via Shutterstock

This article is translated by Google Translate from btc-echo.de

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