BANKEX receives $120,000 from Microsoft Azure

On the 27th of March 2017, BANKEX team got $120.000 from Microsoft Azure. BANKEX team is grateful for the trust displayed to us.

Azure Active Directory is a IaaS (identity-as-a-service) which currently provides and manages access of BANKEX team to services that are currently available on Microsoft Azure. Storage Account is a durable, robust and scalable storage solution which allows us to store all the essences that are deployed within our solution.

As an open, flexible, and scalable platform, Azure supports a rapidly growing number of distributed ledger technologies that address specific business and technical requirements for security, performance, and operational processes.

In the case of BANKEX, we use the five most potent services provided by Microsoft Azure:

- Azure Active Directory

- App Service Plan

- App Service

- Applications Insights

- Storage Account

Microsoft Azure allows us to firstly deploy our smart contracts on the TestNet and then once all the tests are successful it can be then deployed on the Ethereum production net.

Microsoft Azure Setup Overview