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The crypto-currency platform OpenLedger, better known for its BitShare technology, has decided to join hands with Microsoft Corporation (NASDAQ:MSFT) partner and leading blockchain platform Emercoin. Both the companies look forward to using each other’s technologies to deliver world-class blockchain services.

Not long ago, EMC partnered with Azure Cloud BaaS program to tap a higher market share. Amid the growing demand for scalable and innovative blockchain services, EMC is likely to start offering a suite of blockchain services onto the Azure platform in next few months.

Road Ahead

The demand for cloud services doesn’t seem to reduce in the future. Assuming this trend continues at the same pace, Azure users will be able to make use of EMC’s offerings in a hassle-free way. Some of the services like password-less authentication on the Internet, digital proof of identity and ownership, distributed advertising network and network security are up for grab at Azure cloud platform.

Emercoin (EMC) was first launched in 2013 and has been growing at an astonishing rate ever since. It’s a decentralized cryptocurrency similar to Bitcoin but works more like Peercoin and Namecoin. It has now officially announced the association with OpenLedger, the first decentralized exchange in the world having a fiat-enabled gateway.

Outcome of This Alliance

Both the companies have entered into this partnership with the prime objective of offering a new type of trading experience to all the customers. As a result of this deal, OpenLedger users will be able to trade Emercoins, which can further be used to buy a host of services from EMC network.

EMC was brought into existence with a simple objective to enable users to use it for a range of projects, such as online games, research projects, networking, tech projects, social networks, etc. However, the crypto platform of OpenLedger is more into trading of digital currencies. It enables users to create and own several digital assets. It will be great to see how EMC and OpenLedger work together to improve the blockchain services.

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Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.