Microsoft Partners With Waves Enterprise To Create Asset Tokenization Platform For Company Equipment
Microsoft Partners With Waves Enterprise To Create Asset Tokenization Platform For Company Equipment
July 17, 2020
Microsoft Partners With Waves Enterprise To Create Asset Tokenization Platform For Company Equipment
Microsoft Partners With Waves Enterprise To Create Asset Tokenization Platform For Company Equipment
July 17, 2020

Microsoft Russia has partnered with Waves Enterprise, a Moscow-based blockchain platform, to create an asset tokenization platform for company equipment.

On July 15, it has been reported that Waves Enterprise had signed a five-year memorandum with Microsoft Russia to work jointly on corporate blockchain solutions.

Founded in July 2019, Waves Enterprise to offer services to corporate clients on private blockchains.

However, nothing has been confirmed though, as Waves said both sides wanted to use blockchain for new supply chain solutions as well as for the “tokenization of industrial assets.”

An industrial asset is a catch-all term that can refer to anything from heavy machinery to basic office equipment.

Kristina Tikhonova, the CEO of Microsoft Russia, said that the partnership was a push towards the country’s business sector getting to grips with blockchain technology.

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She added:

“Waves Enterprise is one of the leading international blockchain platforms, which substantially contributes to the development of an ecosystem for decentralized solutions globally.”

Tikhonova further said:

“For Microsoft, it is vital to support developers of innovative solutions and foster wide availability of contemporary tech tools for the development of Russian business. We are confident that our partnership will facilitate the full realization of blockchain technology in the corporate sector in Russia and also, globally.”

Likewise, Waves said:

“Future solutions could be made available in Russia and internationally.”

Thus, Waves Enterprise said that it will also build a data analytics solution based on Microsoft Azure, the company’s cloud computing service.

Source: Coindesk | Image: Pixabay


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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