Microsoft Corp. is partnering with Nasdaq Inc. on blockchain technology.
Microsoft said its Azure blockchain services will integrate with Nasdaq’s Financial Framework, which offers software for traders, exchanges and clearinghouses to interact with each other.
The partnership will create a blockchain system that helps different technologies work together for Nasdaq customers. For example, it will make it easier to match buyers and sellers, and manage the delivery, payment, and settlement of transactions, the companies said.
Nasdaq Financial Framework plans to offer customers the ability to use different blockchains through one common interface, which the company hopes will ease and accelerate blockchain use and let customers choose which option is best for different situations.
The partnership will be announced Tuesday as Microsoft business development chief Peggy Johnson speaks at Bloomberg’s CIO Exchange conference.
By Dina Bass