Microsoft Announces Enterprise-Ready Crypto Token Platform

Tech giant Microsoft announced the launch of the Azure Blockchain Tokens platform on Monday during the Microsoft Ignite conference in Orlando, Florida.

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Marley‌ ‌Gray, principal architect at ‌Microsoft, stated the company hopes to make blockchain token development as easy as plugging in a printer.

Marley‌ ‌Gray, Microsoft

The blockchain software will allow businesses to select a token-building template, which will follow the newly developed Token Taxonomy Initiative (TTI), a new standard spearheaded by Microsoft.

Numerous TTI-compliant tokens have already been issued for loyalty rewards, incentives for software teams to meet goals, and as traditional financial instruments like letters of credit in trade finance.

The TTI has even partnered with competing blockchain firms, including IBM and R3, to work together.

The Azure Blockchain Tokens platform will be released with several example tokens, including Hyperledger Fabric’s FabToken built by IBM, Santander’s BOND token, REWARD token from Intel and ConsenSys, and many more.

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