Microsoft Taiwan has entered a partnership with Digital China and Hot Cool in the hope that the three companies can use blockchain technology to improve the financial, e-commerce, entertainment, and other industries.
The three-party blockchain alliance unveiled the initiative at a conference on June 28 at the Le Méridien Hotel in Taipei City. Sun Jikang, the general manager of Microsoft Taiwan, explained that he believes Microsoft Azure can improve the computing speed and security of Digital China’s digital blockchain services. For those unaware, Azure is a cloud computing service offered by Microsoft, which allows users to build, test, deploy, and manage applications and services using the firm’s global network of data centers.
Jikang stated, according to a rough translation:
“Taiwan has first-class engineering and technical talents, and their innovative thinking cannot be underestimated. At the same time, it carries a solid manufacturing and R&D foundation, plus Excellent geographical location, with the superior conditions for the development of blockchain application, I believe that Microsoft’s tooling in the strategic layout of the blockchain, and citing the global partner resources, is bound to be the vision of the industrial application of the blockchain.”
Sun Yutao, the founder of Digital China, has been nicknamed as the “creator of the Goldman Sachs in the blockchain domain.” However, the company was actually born from the Legend Group, which in 2001 became Lenovo. Yutao has been actively researching blockchain since 2014. He believes blockchain needs to be combined with the Internet of Things (IoT), biometrics and artificial intelligence (AI) in order to thrive. He sees this cooperation as a chance for blockchain business opportunities to increase in the Taiwanese market.
Wu Jiefu, Hot Cool’s General Manager, also joined the conference, suggesting this partnership is the best model for future blockchain technology solutions. His company is a cloud management service provider (MSP), acting as a technical intermediary for corporate and public cloud providers. Hot Cool has been committed to helping users access computing services as easily as water or electricity. With Digital China’s blockchain technology, Microsoft Azure’s cloud services, and Hot Cool’s MSP, Jiefu believes a blueprint has been born.
The collaboration will combine Digital China’s Digital DADA, Microsoft Azure Blockchain Workbench, a blockchain cloud technology platform, and Hot Cool’s MSP. Azure Blockchain Workbench gives blockchain developers a pre-built network and infrastructure, which supports Azure’s blockchain network with Azure Active Directory, Key Vault, and SQL Database. Yutao believes the Workbench can minimize the development time of the blockchain infrastructure in China.
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Hu Day, the executive director of a blockchain venture capital company named Kyber Capital in Taiwan, thinks the blockchain revolution needs to start with the financial services. He wants to create a sustainable business value, address the return to investors, and solve practical problems first, before creating a new internet.
Not many details have been released regarding the specifics of this partnership yet. This was the second partnership Microsoft announced in June, the first being with Ernst & Young — together they will launch a blockchain content rights platform. Although Bill Gates has accused Bitcoin back in March of causing a few “deaths” along the way, his corporation seems to be diving straight into the technology behind it.