Blockchain sets off a global craze and hopes to redefine Internet finance

According to foreign media reports, Microsoft recently announced that it has reached a cooperation agreement with R3Consortium, a blockchain alliance composed of several major banks, to help develop blockchain technology. Blockchain is the underlying technology of Bitcoin, like a database ledger that records all transaction records. This technology has also gradually attracted the attention of the banking and financial industries due to its security and convenience.

Overseas markets are optimistic about the prospects of blockchain technology. Financial institutions, technology companies, and government departments have joined the research and development of blockchain technology to actively respond to the upcoming Internet technology changes. The pioneer Nasdaq has begun to use blockchain technology for private equity issuance transactions. Microsoft's public cloud platform Azure provides blockchain services to customers and is ready to turn Azure's BAaS platform into an important source of profit. According to a survey report by the World Economic Forum, by 2025, 10% of the relevant information in the global GDP will be stored using blockchain technology.

From: Investment Observer