Microsoft, Nasdaq Team Up To Develop Ledger-Agnostic Blockchain Services

Oct 31, 2018 at 23:23

American software corporation Microsoft will integrate its Azure Blockchain technology into stock exchange Nasdaq Inc.’s Financial Framework (NFF).

In an Oct. 30 press release, the tech giant said this collaboration will develop a “ledger agnostic blockchain capability that supports a multi-ledger strategy,” allowing for operability across multiple ledgers.

The new product is seen to bring ease in buyer-seller matching activities and better manage the delivery, payment and settlement of transactions.

In addition, parties will allow NFF customers to deploy various blockchains through one common interface, as well as promoting blockchain development.

“Our NFF integration with their blockchain services provides a layer of abstraction, making our offering ledger-agnostic, secure, highly scalable, and ultimately helps us continue to explore a much broader range of customer use cases for blockchain,” said Tom Fay, Senior Vice President of Enterprise Architecture at Nasdaq.

He added that the partnership with Microsoft removes some of the complexities of integrating blockchain technology into its existing infrastructure.

Aligned with Nasdaq’s risk and surveillance tech services offerings, NFF is a technology that provides software for trading infrastructure and operations outsourcing.

For its part, Microsoft welcomed its role in further developing Nasdaq’s innovative market-enabling technology.

“As the leading enterprise platform company, we are fundamentally committed to the success of our customers. We are excited to work with Nasdaq to apply cloud and blockchain technologies to industry problems that they deeply understand, and enable their continued success,” it added.