Microsoft Azure Marketplace integrates on-ramp to blockchain data

Space and Time CEO Nate Holiday said this would allow enterprises to build on the blockchain without compromising security and computing power.

Web3 data company Space and Time has announced that developers can now deploy their data warehouse directly from the Azure Marketplace, Microsoft’s online store that provides services and applications to use on Azure.

In an announcement sent to Cointelegraph, Space and Time said developers will have an accelerated on-ramp to access, analyze and manage native blockchain data. This allows developers to quickly onboard large enterprise data volumes to smart contracts and new use cases for indexed blockchain data.

Through the integration, businesses will be able to access decentralized data without rebuilding their existing infrastructure. This will allow enterprises to build on the blockchain without sacrificing security and computing power, according to the announcement.

Space and Time CEO Nate Holiday commented that verifiable data across blockchains, enterprises and artificial intelligence (AI) is very important. Holiday explained:

“We provide enterprises with the ability to integrate blockchain data into their applications and business processes, which is critical for both customer growth and enabling responsible data stewards.”

Microsoft Azure executive Kathleen Mitford said that this new development equips developers with the tools necessary to create the next generation of use cases for blockchain. “At Microsoft, we are empowering growth across emerging markets — including blockchain and distributed data,” Mitford added.

Microsoft is one of the many supporters of the Web3 data firm. On Sept. 22, 2022, Microsoft’s M12 fund joined the strategic funding round for Space and Time along with other investors like Avalanche, Polygon, HashKey and more.

In other news, Microsoft has been developing AI chips to reduce costs of development for OpenAI and in-house projects, according to a report. The recently revealed venture seems to be an effort to reduce the company’s reliance on Nvidia’s graphics processing units.

Magazine: Best and worst countries for crypto taxes — plus crypto tax tips