Microsoft Strikes Partnership With Banks on Blockchain Tech
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Microsoft Inc. has pulled ahead of Alphabet Inc.’s Google, International Business Machines Corp., and Amazon.com Inc. in the race for supremacy in operating other companies’ blockchains.
Microsoft and R3, a consortium of 43 financial institutions, have formed a strategic partnership to accelerate the use of the blockchain technologies. Microsoft Chief Executive Officer Satya Nadella announced the deal at the company’s Envision conference Monday.