Blockchain

Microsoft's bet on blockchain

In this image, a phone is held up to the camera with the Microsoft logo displayed. Strings of code are seen behind the phone.
Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

While not the earliest to beat the blockchain drum, Microsoft is starting to embrace the distributed ledger technology, both inside the company and for its customers.

What's new: The company on Thursday announced a new blockchain service for Azure and a partnership with JP Morgan Chase. Amazon's AWS also announced a blockchain service this week.

Expert Voices

Automakers are experimenting with blockchain for AVs

A steering wheel that is split down the middle, showing lines of code in one half
Illustration: Rebecca Zisser/Axios

Blockchain, a nascent technology that offers highly secure digital data tracking, has caught the interest of AV companies and automakers, who are exploring how it can be used to track components in supply chains and protect valuable data.

Why it matters: More complex cars will generate more data and as blockchain technology develops, it could offer a secure way to manage that data while providing additional benefits to passengers.