Categories: Bitcoin Business

Blockchain-Fueled Waves Platform Integrated in Microsoft Azure

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The Waves Platform, a decentralized crowdfunding platform developed in Russia, is now available in the Microsoft Azure Blockchain as a Service cloud (BaaS). With Waves integrated in BaaS, developers are getting vast opportunities for offering a wide range of Blockchain solutions.

“We welcome the integration of the Waves Platform in Azure Blockchain as a Service,” says Konstantin Goldstein, Microsoft Russia’s Principal Technical Evangelist. “It is a platform that enables developers to quickly launch ICO projects (a crowdfunding method), or issue tokens for loyalty programs, to name a few. This new addition to the BaaS pool of platforms contributes to shaping a unique environment for developers and for companies interested in Blockchain projects. Blockchain as a Service will enable them to set up a Blockchain infrastructure in one click, as well as integrate advanced technologies in their projects, such as artificial intelligence, the Internet of Things, and so on.”

The introduction of Waves on BaaS provides new opportunities for companies and software developers who would like to issue tokens using a Blockchain, for example.

“Microsoft was one of the first major IT companies to officially acknowledge the potential of Blockchain technology. Azure was designed to offer affordable solutions to companies that, due to their size, wouldn’t have enough resources to launch their own software platforms. Blockchain as a Service is a quick, economical, low-risk platform for deploying open Blockchain protocols,” says Alexander Ivanov, CEO of Waves Platform. “As an open, flexible and scalable cloud platform, Azure has a lot in common with Waves. We are also looking at new ways of computing, and of making powerful functionality available to end consumers. I believe partnering with Microsoft will enable us to achieve big results.”

Microsoft Azure already features a wide range of Blockchain solutions, including Ethereum, Chain Core, Corda, Nxt, Lisk, and now Waves. Together, they form an elaborate ecosystem known as Blockchain as a Service, which supports the creation of all kinds of Blockchain projects for all kinds of purposes and for companies of any size.

The Waves Platform (http://www.wavesplatform.com/) is a decentralized platform for launching crowdfunding campaigns and issuing digital assets. It is the largest Blockchain project to originate from Russia. The Waves encryption platform is primarily designed to support the issuance, trade and exchange of digital assets/tokens using Blockchain technology. The project is characterized by its emphasis on usability and widespread application. It is supposed to use Proof-of-Stake as its consensus algorithm. Waves Platform completed its Initial Coin Offering in June 2016, garnering more than $16 million (30,000 BTC) and becoming one of the Top Three most successful Blockchain projects in terms of crowdfunding investment.

Waves in numbers

  • 100 million Waves tokens
  • $95 million market capitalization (https://coinmarketcap.com/)
  • $16 million in crowdfunding investment
  • 30,000 Bitcoins collected
  • 6,000 participants
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