The Web3 journey so far has been very eventful, if you take into consideration the various blockchain events and the partnerships that come along with it. From fashion brands to sports team, everyone has been a part of a project that dived into Web3 applications. With giants like Polygon and Ethereum working on upgrading themselves for scalability, more projects are working towards finding their niche. Following the various partnerships, Microsoft has now joined hands with decentralized blockchain infrastructure provider Ankr on order to provide a novel node hosting service on the Microsoft Azure Marketplace.
Read More: Ethereum Shanghai Upgrade
Ankr 🤝 @Microsoft
We’ve partnered with Microsoft to support enterprises and organizations needing access to blockchain data with a reliable, easy-to-use node hosting service 🫡
Read more ⬇️https://t.co/XF8CG1grg5 pic.twitter.com/8tv5Mfz7FH
— Ankr (@ankr) February 21, 2023
Along with the partnership, this collab with also see the integration of both the brands’ technologies; i.e. Ankr’s blockchain infrastructure and Microsoft’s cloud solutions! For Ankr, the enterprise node deployment service will be providing a low-latency blockchain connections for Web3 projects. This will work in favour of the developers as they will be able to spend their time scaling their applications. Some of the offerings from the service are:
- relaying transactions
- deploying smart contracts
- read or write blockchain data
The partnership is working together in order to provide a readily accessible gateway to blockchain infrastructure for millions of monthly customers by enabling them to:
- Launch enterprise-grade blockchain nodes that has custom specifications for global location, memory, and bandwidth as needed for their unique use cases.
- Optimize data querying in order to enjoy high levels of speed and reliability on their choice of different blockchains with serverless functionality and utilizing GeoIP, failovers, Caching Rules, and Monitoring.
- Seamlessly track the performance of their nodes anytime, anywhere. The enterprise RPC clients will be able to access usage data and advanced telemetry across 38+ blockchains.
Additonal Read: Top 8 Altcoins In February 2023
The co-founder and CEO of Ankr, Chandler Song, commented on the development, “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.”
While Microsoft’s general manager of artificial intelligence and emerging technologies, Rashmi Misra, stated that, “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.”
The announcement blog from Ankr mentioned that this union of technology from Ankr and Microsoft is working towards providing a fully managed node hosting solution that is complete with the choice of custom specifications for blockchain nodes for memory, bandwidth, and global location. All of that will be based as per the customer needs. By upgrading Ankr’s load balancer to utilize Azure-based routing solutions, the blockchain network will be able to further scale and optimize its transactions processes.
Source: Cointelegraph
Related posts
Bitcoin Price Hits New All-Time High Following Fed’s 25-Basis-Point Rate Cut
Fed’s interest rate cut spurs crypto momentum, boosting Bitcoin and Ethereum prices.
Blum Secures Major Investment from TOP to Strengthen DeFi Presence in TON Ecosystem
TOP’s backing aims to accelerate Blum’s multi-blockchain expansion.
