Ankr partners with Microsoft to offer enterprise node services

Microsoft has partnered with decentralized blockchain infrastructure provider Ankr to provide a novel node hosting service on the Microsoft Azure Marketplace. In addition, the partnership will see an integration of technology from both companies, pairing Ankr’s blockchain infrastructure with Microsoft’s cloud solutions.

Per Ankr, the enterprise node deployment service will offer low-latency blockchain connections for Web3 projects so that developers can instead spend their time scaling their applications. The service relays transactions, deploys smart contracts and can read or write blockchain data.

By upgrading its load balancer to use Azure-based routing solutions, Ankr said the firm would be able to further scale its transactions processes by efficiently routing Remote Procedure Call requests to the best-suited nodes. With the technological integration, clients will be able to manage node hosting solutions with the choice of custom specifications for memory, bandwidth and global location for blockchain nodes. Chandler Song, co-founder and CEO of Ankr, commented on the development:

“The partnership, while an incredible milestone for Ankr, is also a key indicator of how far the decentralized web has come in integrating with the crucial players in every layer of web systems. The end result will be an era of extremely prolific building for blockchain-based applications from new Web3 projects as well as large enterprises entering the space.”

Rashmi Misra, Microsoft’s general manager of artificial intelligence and emerging technologies, stated, “Many developers and organizations are exploring how Web3 can help solve real-world business challenges, and our partnership with Ankr will enable them to access blockchain data in a reliable, scalable, and secure way.”

Cointelegraph previously reported on May 14, 2021, that Microsoft shut down its Azure Blockchain Service with no official explanation. On Dec. 15, 2022, the American technology giant banned cryptocurrency mining on its cloud services, citing the need to protect its online services from risks such as cyber fraud, attacks and unauthorized access to customer resources. 

All Dutch and English crypto news!

‘Clear runway’ opens for all Bitcoin ETF approvals in Jan: Analysts

The SEC’s delays on two spot Bitcoin ETFs could mean it’s lining up to approve all pending applications in one swoop, say analysts. Follow up Join us...

SEC seeks public input on Franklin Templeton, Hashdex Bitcoin ETFs

The request for public comment are standard for ETFs under review and have an open period of 35 days. News Join us on social networks The United States...

Amazon launches ‘Q’ — a ChatGPT competitor purpose-built for business

Employees in HR, legal, product management, design, manufacturing and operations departments will benefit from Q, said AWS CEO Adam Selipsky. News Join us on social networks Amazon has...

Jump Crypto filed docs confidentially in SEC v. Terraform Labs case

The trading firm and its CEO, Kanav Kariya, allegedly manipulated the price of TerraUSD to gain roughly $1.3 billion in profits. News Join us on social networks A...

Beste exchanges

Koop je crypto bij Bitvavo