Bill Gates Steps Down After $1.4m Investment in African Blockchain Firm

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Microsoft co-founder Bill Gates has announced he will be leaving the company’s board, after donating $1.4 million to African blockchain firm Crest earlier this month.

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According to Microsoft, Gates will step down to dedicate more time to his philanthropic priorities including global health, development, education, and his increasing engagement in tackling climate change. He will continue to serve as Technology Advisor to Microsoft CEO Satya Nadella and other leaders in the company.

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Satya Nadella, Microsoft

“It’s been a tremendous honor and privilege to have worked with and learned from Bill over the years,” said Nadella.

“Bill founded our company with a belief in the democratizing force of software and a passion to solve society’s most pressing challenges. And Microsoft and the world are better for it. The board has benefited from Bill’s leadership and vision. And Microsoft will continue to benefit from Bill’s ongoing technical passion and advice to drive our products and services forward. I am grateful for Bill’s friendship and look forward to continuing to work alongside him to realize our mission to empower every person and every organization on the planet to achieve more.”

In 2019, Microsoft announced a blockchain token for its enterprise Azure service.

The Azure Blockchain Tokens service intends to streamline the classification, genesis and managing of compliant tokens built to industry standards.

Microsoft will also provide ready to use templates for everyday usages and entertainers a gallery for templates created by partners, which are expected to be added in the future.

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