This partnership will make Axelar the initial cross-chain protocol to join the Azure marketplace.
On July 11, Axelar, a cross-chain protocol, and Microsoft., a tech giant, revealed a collaboration to bridge private and public blockchains. Axelar will join Microsoft’s Azure marketplace via this partnership, making it the initial cross-chain protocol listed on the developer’s online store.
Axelar to Facilitate Firms Utilize Azure Microsoft Cloud Service
Axelar’s spokesperson, Galen Moore, revealed that Axelar would reach the various firms that utilize Azure, Microsoft’s cloud service, via this initiative. He also stated that this move has significant potential for products that benefit users, including recognized internet technology and public technologies.
The Axelar JS software development kit (SDK) will aid in tools access, while the Axelar’s general message passing will aid in the integration of functionality autonomously of databases and blockchains. Organizations will also support artificial intelligence applications by exploring the integration of public and private blockchains.
Winning Trust for Artificial Intelligence
Sergey Gorbunov, Axelar’s cofounder, spoke on these solutions’ nature by explaining that trust in artificial intelligence should arise from several layers. The factors to consider include whether the training of models involves the data they should be on if any private information leaks into the models, and whether the queries sent to the artificial intelligence return correct findings.
Besides, one should also consider the verifiability of data origin. The lack of answers to these factors will complicate the integration of artificial intelligence into society.
Consolidating Public and Private Blockchains Critical to Build Data Handling
Sergey Gorbunov claims that the solution is to consolidate public and private blockchains. According to him, blockchains can be vital in creating foundations of trust, minimizing data tampering, and concealing data within definite controls. He added that one can utilize links to public blockchains to show and create trust among all clients regardless of where data is queried.
The organization’s website reveals Azure’s marketplace has over 25000 applications and services for firms and developers. The platform’s search shows that blockchain technology powers at least 200 solutions.
At present, 43 blockchains are supported by Axelar. A Series B funding last year raised 35 million dollars, ultimately increasing the market value to more than $1 billion. Polychain Capital, Dragonfly Capital, and North Island Ventures are examples of participants in the round.
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