Technology giant Microsoft announced it is entering into a strategic partnership with R3 CEV, a New York-based financial technology vendor, with a goal of accelerating innovation in the distributed ledger technologies space.
Peggy Johnson, executive vice president president of business development, wrote a blog post about the news on Microsoft's website.
As part of the deal, R3 has named Microsoft Azure the preferred cloud services provider for its R3 Labs and Research Center, which serves a consortium of over 40 banks working with R3.
In addition to cloud-based tools, services and infrastructure, Microsoft will also provide technology architects, project managers, lab assistants and support services. R3 and its consortium will also have access to Microsoft's blockchain-as-a-service (BaaS) partners.
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails