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Topic: [2015-11-12] Firstpost: Microsoft's big bitcoin bet (Read 1266 times)

legendary
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Microsoft's big bitcoin bet: Launches cloud-based blockchain platform for banks

http://www.firstpost.com/business/microsofts-big-bitcoin-bet-launches-cloud-based-blockchain-platform-for-banks-2504112.html

Microsoft launched a cloud-based blockchain platform on Tuesday with Brooklyn-based start-up ConsensYs, which will allow financial institutions to experiment cheaply and easily with the technology underpinning bitcoin.

The blockchain works as a huge, decentralized ledger of every bitcoin transaction, which is verified and shared by a global computer network and therefore is virtually tamper-proof.

The financial industry is increasingly investing in the technology, betting it will reduce costs and increase efficiency.
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