The crypto-currency platform OpenLedger, better known for its BitShare technology, has decided to join hands with Microsoft Corporation (NASDAQ:MSFT) partner and leading blockchain platform Emercoin. Both the companies look forward to using each other’s technologies to deliver world-class blockchain services.
Not long ago, EMC partnered with Azure Cloud BaaS program to tap a higher market share. Amid the growing demand for scalable and innovative blockchain services, EMC is likely to start offering a suite of blockchain services onto the Azure platform in next few months.
The demand for cloud services doesn’t seem to reduce in the future. Assuming this trend continues at the same pace, Azure users will be able to make use of EMC’s offerings in a hassle-free way. Some of the services like password-less authentication on the Internet, digital proof of identity and ownership, distributed advertising network and network security are up for grab at Azure cloud platform.
Emercoin (EMC) was first launched in 2013 and has been growing at an astonishing rate ever since. It’s a decentralized cryptocurrency similar to Bitcoin but works more like Peercoin and Namecoin. It has now officially announced the association with OpenLedger, the first decentralized exchange in the world having a fiat-enabled gateway.
Outcome of This Alliance
Both the companies have entered into this partnership with the prime objective of offering a new type of trading experience to all the customers. As a result of this deal, OpenLedger users will be able to trade Emercoins, which can further be used to buy a host of services from EMC network.
EMC was brought into existence with a simple objective to enable users to use it for a range of projects, such as online games, research projects, networking, tech projects, social networks, etc. However, the crypto platform of OpenLedger is more into trading of digital currencies. It enables users to create and own several digital assets. It will be great to see how EMC and OpenLedger work together to improve the blockchain services.