Syscoin, a revolutionary cryptocurrency that provides businesses the infrastructure to trade goods, assets, digital certificates and data securely, has announced that it is now an official development partner with Microsoft Azure via their Blockchain As a Service (BaaS) platform.

“Syscoin's suite of blockchain-enabled services provide merchants the ability to buy and sell goods and services, encrypted messaging, escrow, digital asset storage, reselling and more. Syscoin also provides a replacement for typical blockchain addresses, known as aliases; providing ease-of-use”, said Marley Gray, Microsoft’s director of technology strategy, in a blog post.

Gray had previously stated that he wanted the Azure BaaS platform to scale up into a “certified blockchain marketplace”. Microsoft Azure is a growing collection of integrated cloud services—analytics, computing, database, mobile, networking, storage, and web. The cloud-computing platform offers over 50 services to its clients to build, deploy and manage applications and services through a global network of Microsoft-managed data centers.

Syscoin says that its current goal to create an easy-to-use, fully-decentralized blockchain-based marketplace, makes it a “perfect fit” with Azure. 

“Considering our motto “Business On The Blockchain”, we feel that the addition of Syscoin to BaaS embodies the very direction we want to take”, Syscoin said in an online post. “We look forward to developing innovative solutions that will benefit Microsoft’s customers as well as the entire cryptocurrency/digital currency space.”

Syscoin will be adding the team developed app “Blockmarket” to Syscoin’s Azure deployment soon, which will enable merchants to launch their own branded portal, using Syscoin’s BaaS offering.

“Blockmarket has already undergone public beta testing (on Syscoin 1.6b). Due to the many features added to Syscoin 2.0, it will need an update prior to launch. We estimate it will be available on Azure shortly after we launch Syscoin 2.0. This is just the first offering we’ll be adding to Syscoin on Azure. As we move forward we’ll be looking for additional opportunities to leverage the one-click nature of Azure BaaS and Microsoft’s network to enable more users with Syscoin platform services”, Syscoin added.