Microsoft and cross-chain protocol Axelar established cooperation on July 11 to connect public and private blockchains.
Axelar will join Microsoft’s Azure marketplace due to the partnership and become the first cross-chain protocol to be featured there.Axelar’s representative, Galen Moore, stated that the effort would allow Axelar to connect with tens of thousands of businesses using Microsoft Azure. Moore stated.
“This has tremendous potential for products that integrate established internet technology with public blockchains in ways that are meaningful for users,”
Axelar’s general message passing and the AxelarJS software development kit (SDK) is available to developers in the market, allowing them to incorporate functionality without the need for blockchains or databases.
To assist applications utilizing artificial intelligence (AI), the firms will also investigate the integration of public and private blockchains. Sergey Gorbunov, a co-founder of Axelar, explained the nature of these solutions and the need for numerous layers of trust in AI:
“Are the models trained on the data they’re supposed to be on? Did any private data leak into the models? Are the queries sent to the AI returning accurate results? Can we verify the origins of the data? Without answers to these questions, it’s hard to integrate AI to be a “member” of our societies. “
According to Gorbunov, combining private and public blockchains is the answer. “Blockchains can help establish roots of trust, make sure the data is not tampered with, and keep it hidden within specified jurisdictions,” he said, adding that “connections to public blockchains can be used to prove and establish trust across all consumers, no matter where they query the data from.”
According to the company website, over 25,000 applications and services accessible in Azure’s marketplace for developers and companies. According to a platform search, there are at least 200 solutions using blockchain technology.
Axelar presently supports 43 blockchains. Its market worth surpassed $1 billion last year thanks to a $35 million Series B fundraising round. North Island Ventures, Polychain Capital, and Dragonfly Capital are a few participants in the round.
