The Japanese arm of computer giant Microsoft has partnered with nascent blockchain startup LayerX to "Accelerate" uptake of the technology, Cointelegraph Japan reported Nov. 30.
LayerX, which formed in August as a joint venture from news curation app Gunosy and advisory service AnyPay, oversees blockchain integration for enterprise, including areas such as smart contracts and general consulting.
Using Microsoft's Azure Blockchain-as-a-Service solution, the companies will seek to promote the technology further in the domestic economy.
"Both companies will work toward realization of transformation of people's lives and working practices by promoting the implementation of blockchain technology in various industries."
Earlier this month, Microsoft released its cloud-based Azure blockchain development kit, which executives said would initially focus on three areas: "Connecting interfaces, integrating data and systems, and deploying smart contracts and blockchain networks."
The Japan move forms the latest in the country's ever-increasing activity in both the blockchain and cryptocurrency sphere, with multiple entities involved in promoting the technology among consumers.
Two Japanese cryptocurrency exchanges, Coincheck and Zaif, meanwhile continue to recover from hacks in January and September this year that saw losses totaling almost $600 million.
Microsoft Japan Partners With Startup to Increase Domestic Blockchain Uptake
Published on Nov 30, 2018
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.