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Briefing
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- Microsoft-R3 Partnership – Microsoft announced as official partner of R3 Consortium, comprised of 43 global banks, in accelerating adoption of distributed ledger technologies among member banks
- Microsoft Solutions – Will provide blockchain-as-a-service (BaaS) from cloud, as well as services, infrastructure, and staff to R3 labs around world, paving way for faster experimentation of distributed ledger technologies
- BaaS Partners – Gives R3 members access to Microsoft’s BaaS partners, including Ethereum, ConsenSys, Ripple, Eris Industries, Coinprism, Factom, BitPay, Manifold Technology, AlphaPoint, IOTA, BlockApps STRATO, and Tendermint LibraTax
- Blockchain Benefits – Expected to add speed, security, cost efficiency and transparency to financial transactions compared to current solutions
- Potential Providers – Microsoft selected as R3’s partner among other potential providers considered, including IBM and Amazon AWS
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