Axelar and Microsoft Forge Strategic Partnership for Hybrid Blockchain Solutions

Axelar, a cross-chain protocol, and technology giant Microsoft have joined forces to bridge the gap between public and private blockchains. The partnership announcement on July 11 revealed that Axelar will become the first cross-chain protocol to be listed on Microsoft’s Azure marketplace, expanding its reach to a vast network of companies utilizing Microsoft’s cloud service.

By joining the Azure marketplace, Axelar gains access to tens of thousands of potential users. Galen Moore, spokesperson for Axelar, expressed enthusiasm about the partnership, highlighting the potential for integrating established internet technology with public blockchains in ways that bring tangible benefits to users.

Developers will benefit from the collaboration through the availability of tools such as the AxelarJS software development kit (SDK) and general message passing capabilities. The latter feature enables developers to integrate functionality independently of specific blockchains and databases.

The collaboration between Axelar and Microsoft will also explore the integration of public and private blockchains to support artificial intelligence (AI) applications. Sergey Gorbunov, co-founder of Axelar, emphasized the importance of establishing trust in AI systems through multiple layers. He highlighted questions surrounding data sources, privacy, accuracy of results, and data origins. Gorbunov believes that combining private and public blockchains can address these concerns by establishing trust, ensuring data integrity, and maintaining jurisdictional boundaries.

Microsoft’s Azure marketplace offers a vast array of applications and services, with over 25,000 options available to developers and businesses. A search on the platform reveals a significant presence of blockchain-powered solutions, with at least 200 offerings utilizing blockchain technology.

Axelar currently supports 43 blockchains and has made substantial strides in funding. In its Series B funding round last year, the company raised $35 million, propelling its market value to over $1 billion. Notable participants in the funding round included Dragonfly Capital, Polychain Capital, and North Island Ventures.

The collaboration between Axelar and Microsoft holds promising prospects for advancing hybrid blockchain solutions and unlocking new possibilities for developers and businesses in leveraging the power of blockchain technology.

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