Microsoft Taiwan has announced a collaborative effort with two companies, cloud management service provider Hot Cool and IT service provider Digital China, to build a host of blockchain-based solutions that will aim to improve operations in the e-commerce, financial, entertainment spheres, as well as other industries.

The partnership was officially announced on June 28 in Taipei City during a conference held at the Le Méridien Hotel.

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The Companies Will Work Together to Build the Chinese Blockchain Industry and Infrastructure

While specific details of the goals of the partnership have not yet been made public, the initiative will involve combining the capabilities of the Microsoft Azure Workbench (a cloud computing and blockchain platform), Hot Cool’s managed service provider, and Digital China’s Digital DADA.

The Workbench will act as a pre-existing network and infrastructure for blockchain developers, offering an SQL database, a key vault, and the Azure Active Directory. Sun Yutao, the founder of Digital China, believes that the Workbench could significantly expedite the development of China’s blockchain infrastructure at large.

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General Manager of Hot Cool, Wu Jiefu, said that he believes that the collaboration will assist in the company’s vision of providing access cloud computing services in the same way that necessities like water and electricity are accessed.

Taiwan Attempts to Position Itself as a Global Hub for Blockchain

Sun Jikang, the General Manager of Microsoft Taiwan, also said that the global positioning of Taiwan as a tech hub made it a brilliant location to establish the partnership.

“The innovative ability of Taiwan, which offers first-class engineering and technical talents, cannot be underestimated,” he declared. “Taiwan also has a solid manufacturing and R&D foundation, in addition to excellent geographical location that supports the development of blockchain applications.”

Yutao agreed, adding that blockchain technology must be integrated with other technologies, including the Internet of Things and artificial intelligence, to maintain and expand its relevance. LegalGamblingandtheLaw.com reported that Yutao feels that this collaboration will increase the number of blockchain-related business opportunities in Taiwan.

At the Asia Blockchain Summit held in Taipei earlier this week, Director of the Chinese National Development Council Chen Mei-ling expressed her hopes that Taiwan will become an international hub for blockchain technology. Taiwan News reported that Chen urged the region to make the country’s digital transformation a top priority.