According to Microsoft technology giant Microsoft, the Taiwanese subsidiary Microsoft has partnered with technology investment company China's binary sales technology and High Cloud to create a platform for enterprise blockchain development. Microsoft will provide its Azure Cloud platform as the basis for China's binary blockchain services. According to reports, this three-part partnership aims to transform various industries such as finance, e-commerce and entertainment, with a focus on the Asia-Pacific region.
Sun Jikang, general manager of Taiwan's Microsoft, expressed his confidence in Microsoft's ability to improve the security and speed of China's binary blockchain services. He also emphasized Taiwan's technological potential, focusing on its "solid manufacturing" and research and development (R&D) foundations, as well as "superior geographical location." Sun Jiangtao, founder of China Binary, pointed out the important role of blockchain technology in financial technology, business, science and other industries. After the newly announced collaboration, Jiang Tao emphasized the importance of combining blockchain applications with other technologies such as the Internet of Things (IoT), biometrics and artificial intelligence (AI). In late May, the Taiwan government established a parliamentary blockchain group to promote the development of the technology. On May 14th, Taipei Fubon Commercial Bank announced the deployment of a blockchain payment system, which is said to be the first bank in Taiwan to do so.