Blockchain-based project, Antshares, partners with Microsoft to digitalize real-world assets

Abhishek Baxi

Azure Blockchain as a Service

The open source, blockchain-based project, Antshares has announced a partnership with Microsoft, as reported by Bitcoinist.

Located in Shanghai, China, Antshares is a decentralized and distributed network protocol based on blockchain technology that aims to digitize, record, and track physical goods and assets ranging from real-estate titles to corporate equity, from supply chain assets to creditors’ claims.

The Antshares team has teamed-up with Microsoft to work on R&D, specifically with their Azure PaaS. The team will be working on ‘The Legal Chain’, a consortium chain developed by Fadada (China’s leading online legal service firm), Onchain (a for-profit entity created by the Antshares team), and Microsoft Azure that provides a blockchain-powered digital legal evidence repository.

The team is also working with Microsoft in several other confidential initiatives like direct utilization of the Antshares blockchain. According to Da Hongfei, the creator of Antshares, their blockchain project will enable interoperability in a future that is increasingly heading towards a multi-chain environment.