Crypto researcher SMQKE highlighted that Microsoft has shown interest in Ripple's Interledger Protocol, marking a significant step in the company's blockchain development.
Microsoft's Interest in Interledger Protocol
SMQKE tweeted: 'MICROSOFT IS INTERESTED IN USING RIPPLE’S INTERLEDGER PROTOCOL Documented.' This statement is backed by an excerpt from a publication indicating Microsoft's interest in enhancing its blockchain toolkit with Interledger Protocol.
Microsoft's Broader Blockchain Strategy
The document shows that Microsoft has been integrating blockchain technologies into its Azure cloud platform, focusing on providing enterprise solutions. Microsoft has partnered with ConsenSys to develop applications using Ethereum's blockchain, enabling companies to execute smart contracts and track transactions efficiently.
Ripple's Role Through Interledger Protocol
The document quoted by SMQKE states that Microsoft recently expressed interest in adding functionalities to its blockchain toolkit through Ripple’s Interledger Protocol. ILP facilitates interoperability across different payment ledgers, highlighting its importance in international payment solutions.
Microsoft's interest in Interledger Protocol underscores the technology's significance for corporate blockchain ecosystems, potentially leading to enhanced functionality and transaction speeds within the Azure platform.
