Microsoft With Nasdaq Inc. About Blockchain Technology

Microsoft said its Azure blockchain services will be integrated with the Nasdaq financial platform, which offers software for traders, exchanges and clearing houses to interact with each other.

The partnership will create a blockchain system that will help different technologies work together for Nasdaq customers. For example, it will make it easier to find buyers and sellers, and manage shipping, payment, and settlement transactions, the companies said.

Nasdaq Financial Framework plans to offer customers the opportunity to use different blockchains through one common interface, which the company hopes will facilitate and accelerate the use of blockchain and allow customers to choose which option is best suited for different situations.

The partnership was announced on Tuesday, when Microsoft business development CEO Peggy Johnson has spoken at the Bloomberg CIO Exchange conference.