According to a press release shared with Bitcoinist, tech giant Microsoft has partnered with Ankr Network to launch a hosting service. The product will allow companies to access blockchain data via a “reliable and easy-to-use” platform.
New product from Microsoft with Ankr network
Depending on the release, the service will be available via Microsoft’s cloud solution, Azure Marketplace. The product was created to provide organizations 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 of Anck, 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 a key indicator of how far the decentralized network has come in integrating with key players at every layer of the web ecosystem. The end result will be an era of extremely prolific building of blockchain-based applications from new Web3 projects as well as large companies entering the space.
Song claims its 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 Microsoft/Ankr’s service for a multitude of use cases, including smart contract deployment, transaction migration, blockchain data processing, and much more. The partners solution will operate as a fully managed node hosting service, but users can allocate memory, bandwidth and other components, according to their needs.
Rashmi Misra, General Manager, Artificial Intelligence and Emerging Technologies at Microsoft, 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 give them access to blockchain data in a trusted, scalable, and secure way. Together with Ankr, we’re building a robust Web3 infrastructure layer whether you’re a developer building the next big decentralized application (dApp) or an established organization exploring Web3.