Dina Bass (Bloomberg) – Microsoft Corp. collaborates with Nasdaq Inc. on blockchain technology.
Microsoft has stated that the Azure blockchain services will integrate with the Nasdaq Financial Framework, which offers software for operators, exchanges and clearing houses to interact with each other.
The partnership will create a blockchain system that helps different technologies work together for Nasdaq customers. For example, it will make correspondence between buyers and sellers simpler and handle the delivery, payment and settlement of transactions, the companies said.
Nasdaq Financial Framework plans to offer customers the ability to use different blockchains through a common interface, which the company hopes will simplify and accelerate the use of blockchains and allow customers to choose which option is the better for different situations.
The partnership will be announced on Tuesday as Microsoft's chief sales executive, Peggy Johnson, will speak at Bloomberg's CIO Exchange conference.