JP Morgan and Microsoft Partnership to Reduce The Cost of Blockchain Apps

Blockchain apps can be expensive to produce. In order to cheapen the cost of blockchain apps, JP Morgan and Microsoft have partnered together.

On Thursday, JPMorgan Chase & Co. announced that they were “tapping Microsoft Corp.’s cloud-based services to boost its blockchain platform, aiming to make it easier, faster and cheaper for companies to build and deploy blockchain applications.”

This is interesting news as both companies are true powerhouses within the technology and banking industries

Blockchain News – Bank Using Microsoft Azure

According to the Wall Street Journal, Microsoft’s powerful software service, Azure, will be powering Quorum, an enterprise developed by JP Morgan. This software was developed in order to offer a secure, reliable, and open-sourced blockchain solution. This great partnership expands the blockchain network in the cloud.

J.P Mogan and Microsoft have established a healthy partnership

According to Penny Johnson, a reliable and trusted voice for Microsoft, “As digital transformation extends beyond the walls of an individual organization, companies need solutions that enable them to securely share their business processes and data in order to drive imaginative new business models and reinvent industries. We’re thrilled to partner with a leader like J.P. Morgan to establish a foundation on which enterprises and partners can rapidly build and scale blockchain networks,”.

This positive quote from the executive vice president of Business Development in Microsoft shows just how excited the two companies are for there new partnership.

Shift in focus

With this reveal, there has been a shift in the focus. While infrastructure management is important and rapidly growing, this partnership has brought attention to application development. This shift in focus is wonderful news for businesses everywhere hoping to drive their transformative business values.

This shift in focus allows the customer to press their energy onto rapidly growing their networks efficiently through the measured lower cost.

Top Blockchain Applications – Best Blockchain Applications

What are Blockchain Technology Applications and Use Cases?

Below we explore the use cases where blockchain technologies can be applied to either improve existing processes or unlock new technologies.

In other words, what type of applications can we build using blockchain technologies? From a new type of money (i.e. cryptocurrency) to powering your digital identity in the internet-of-things, the blockchain technology application stack is the engine powering these new innovations. Below, we explore some of the most promising blockchain applications.

Below we explore the use cases where blockchain technologies can be applied to either improve existing processes or unlock new technologies.

In other words, what type of applications can we build using blockchain technologies? From a new type of money (i.e. cryptocurrency) to powering your digital identity in the internet-of-things, the blockchain technology application stack is the engine powering these new innovations. Below, we explore some of the most promising blockchain applications.

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