According to a press release shared with Bitcoinist, big tech giant Microsoft partnered with Ankr Network to launch a hosting service. The product will allow companies to access blockchain data via a “reliable, easy-to-use” platform.
Microsoft New Product With Ankr Network
According to the release, the service will be available via Microsoft’s cloud solution, Azure Marketplace. The product was created to provide enterprises with an “accessible gateway to blockchain infrastructure.”
The hosting service was built by combining Microsoft’s cloud platform with Ankr’s blockchain infrastructure. The service will give customers access to “low-latency blockchain connections” for any crypto and Web3 product. Chandler Song, Co-Founder and CEO at Ank said:
This was a critical step in bringing blockchain infrastructure to a growing sector of the digital economy. 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.
Song claims that their solution will be the “most powerful” infrastructure product for Web3 projects in the crypto industry. The solution will help projects scale their applications by supporting a “massive amount of RPC traffic.”
Crypto and Web3 companies can leverage the Microsoft/Ankr service for several use cases, including deploying smart contracts, relaying transactions, manipulating blockchain data, and much more. The partners’ solution will operate as a fully managed node hosting service, but users can customize memory, bandwidth, and other components, according to their needs.
Rashmi Misra, Microsoft General Manager AI & Emerging Technologies added: Microsoft’s mission is to empower every person and every organization on the planet to achieve more. 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. Together with Ankr, we are building a strong Web3 infrastructure layer whether you’re a developer building the next big decentralized application (dApp) or an established enterprise exploring Web3.