Nasdaq and Microsoft Partner to Bring Azure Blockchain into Capital Markets Infrastructure

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Nasdaq and Microsoft Partner to Bring Azure Blockchain into Capital Markets Infrastructure

Nasdaq transformed financial markets in 1971 by opening them up to a huge number of investors with the world’s first ever digital stock exchange. Since then, the organization’s imaginative soul has kept them on the main edge of innovation development in capital markets, while revolutionizing the brand into an inspiring technology provider.

Market Technology, a business technology arm of Nasdaq, powers mission-critical capital markets framework at 100 plus trades, central securities depositories, and clearinghouses in more than 50 nations.

In 2016, Nasdaq remodeled its ecosystem for its enterprise offerings to better serve more of customers across the globe and launched a new Nasdaq Financial Framework (NFF). The modular structure of NFF deploys a solitary operational center that powers an immense arrangement of business applications and administrations over the exchanging lifecycle, empowering Nasdaq clients to effortlessly add, change, and evacuate their main goal basic innovation stack without the expense and complexity related with solid foundation frameworks.

NFF was planned likewise to exploit the advantages of rising technologies to enable key strategic circumstances for clients.

Magnus Haglind, the Senior Vice President and Head of Product Management for Nasdaq’s market technology business was reported saying that Capital Market industry is developing swiftly with the right approach and advancement in the blockchain, cloud, machine knowledge and other technologies. Vital players in the business are looking at these innovations to investigate how they can turn out to be more powerful and proficient but also have a competitive advantage in the market.

To fasten up Nasdaq’s blockchain capabilities lined up with the industry’s rising demand, the organization is incorporating the Nasdaq Financial Framework with Microsoft Azure Blockchain to assemble a ledger agnostic blockchain ability that is supporting a multi-ledger strategy.

Microsoft Azure will provide Nasdaq extremely safe inter-operation and communication between the NFF basic infrastructure as well as customer technologies by deploying advanced blockchain micro-services suite for the execution of transactions and contracts. The offering by Azure will help create a classy blockchain system enabling a range of technologies to work in collaboration for a secure and scalable trade while enabling Nasdaq achieve customer satisfaction in all its endeavors.

Nasdaq is seeking instant opportunity for blockchain to manage the payment, delivery, and settlement of transactions that may reside on a number of blockchains with various payment methods. Tom Fay, Senior Vice president of Enterprise Architecture of Nasdaq, said that they believe that the combination of Microsoft’s blockchain technology and NFF can demolish some of the project complexities that exist in this domain with numerous blockchains in action by different industry participants. These capabilities allow the capital market organization to use applications which are NFF-based that incorporate blockchain innovation technology with no need for ledger-specific knowledge or skill.

Fay further added that Azure will ensure the availability of blockchain capabilities while doing away with the complexity within the ecosystem. The integration of NFF with Azure will make Nasdaq offering secure, scalable and will ultimately aid the company to address more of customers.