Microsoft Expressed Interest in Adding New Functionality to Its Blockchain Toolkit Through Ripple’s Interledger Protocol

Microsoft Is Interested In Ripple

A recent tweet by crypto researcher SMQKE has revealed a significant development involving the technology giant Microsoft and Ripple’s Interledger Protocol (ILP). The documentation cited in the tweet confirms that Microsoft expressed interest in adding new functionalities to its blockchain toolkit through Ripple’s ILP.

The attached document highlights Microsoft’s integration of blockchain technologies into its cloud platform Azure, with a focus on providing enterprise-grade solutions. Furthermore, it was revealed that Microsoft had partnered with ConsenSys to develop applications utilizing Ethereum’s blockchain, allowing companies to execute smart contracts, track transactions, and update agreements efficiently. The company emphasized that its blockchain-based services would not rely solely on Bitcoin and instead offered Ethereum-based systems capable of processing transactions at speeds up to 40 times faster than those of Bitcoin-based blockchains.

The document explicitly states that Microsoft “recently expressed interest in adding new functionalities to its blockchain toolkit through Ripple’s Interledger Protocol.” This indicates that the tech giant acknowledges ILP’s potential to facilitate seamless interoperability across different payment ledgers. The Interledger Protocol, developed by Ripple, is described as a free, open-source, and neutral web protocol designed to enable various ledgers to interact seamlessly.

The significance of Microsoft’s interest in Ripple’s Interledger Protocol cannot be overstated. It highlights the company’s recognition of ILP’s capabilities for expanding its blockchain offerings, further emphasizing Microsoft’s commitment to supporting diverse blockchain technologies and creating adaptable solutions for its enterprise clientele.

Source: timestabloid.com