Space and Time has disclosed that developers can install their database directly from the Microsoft Azure Marketplace.
Thanks to this new update, developers will have a fast connection to access, inspect, and oversee native blockchain data. They will be able to rapidly load large volumes of data to smart contracts and fresh use cases for processed blockchain data.
According to Dgtl Infra, Microsoft Azure is the second-largest cloud provider in the world, behind Amazon Web Services (AWS). Azure is used by over 95% of Fortune 500 companies. Microsoft invests over $1 billion annually in security research and development to protect Azure and its customers.
Businesses can also utilize the merger to access decentralized data without reconstructing their existing framework. Therefore, companies do not need to let go of security and processing capability to be able to develop on the blockchain.
Microsoft Azure’s Kathleen Mitford also commented on the partnership, saying developers are now equipped with the necessary weapons to build the next-generation Web3 use cases. The merger supports Microsoft’s goal of enabling growth across upcoming markets.
On September 22, 2022, Space and Time hosted a strategic funding round and raised $20 million. The investors include Microsoft’s M12 fund, Polygon, Avalanche, Framework Ventures, and Foresight Ventures.
An executive at M12, Michelle Gonzalez, expressed that the company was looking forward to seeing how Space and Time could automate and connect centralized systems to smart contracts.
About Space and Time
Space and Time is the world’s first decentralized data warehouse, bringing together tamper-proof on-chain and off-chain data together to support an entirely novel breed of smart contract applications.
The blockchain data company claims to use “decentralized, peer-to-peer technology to solve Web3’s most difficult data analytics challenges on a global scale”.
Developers can combine real-time, relational blockchain data from the most extensive networks with off-chain data from any source. They can also use Proof of SQLTM cryptographic guarantees to broadcast results from queries straight to smart contracts.