Hybrid blockchain technologies are the focus of Axelar’s partnership with Microsoft
This partnership will make Axelar the first cross-chain protocol available in the Microsoft Azure store.
Axelar, a cross-chain protocol, and Microsoft, a technology behemoth, announced on July 11 that they will work together to connect public and private blockchains.
Axelar’s spokesman Galen Moore told Cointelegraph that the move will let the company connect with the tens of thousands of businesses that utilise Microsoft’s Azure cloud infrastructure.
The AxelarJS SDK is a set of tools available to developers in the market that allow the integration of functionality that is not reliant on blockchains or databases.
The businesses will also look at combining public and private blockchains to strengthen AI software. Axelar co-founder Sergey Gorbunov discussed the solutions’ nature, noting that confidence in AI must be earned on many fronts.
“Have the models been properly trained using the appropriate data? Did any sensitive information make it into the systems? Is the AI providing reliable responses to questions posed to it? Can we check the data’s credibility?”
According to Gorbunov, the solution lies in integrating public and private blockchains. According to the company’s website, Azure’s marketplace offers over 25,000 apps and services to developers and enterprises. If you search the site, you may find at least 200 different applications that use blockchain technology.
At now, Axelar can connect to 43 different blockchains. Its market worth is now over $1 billion thanks to the $35 million in Series B investment it received last year. Dragonfly Capital, Polychain Capital, and North Island Ventures are just a few of the investors that took part in this round.
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