Space and Time Partners with Microsoft for Accelerated On-Ramp to Web3 Data Warehouse.
Space and Time partners with Microsoft to enable one-click deployment of Web3 data warehouse.
Seattle-based Space and Time, the first Web3-native decentralized data warehouse, has joined hands with Microsoft to enable its customers to quickly and efficiently onboard large volumes of enterprise data to smart contracts. In addition, the companies announced that developers can now deploy the Space and Time data warehouse directly from the Microsoft Azure Marketplace.
The one-click deployment will provide customers with an accelerated on-ramp to easily access, manage and perform analytics on blockchain-native data. As a leader in intelligent computing and AI, Microsoft is committed to supporting its customers and partners with their business needs, including Web3 scenarios and use cases.
The integration allows businesses to leverage the benefits of a decentralized data warehouse without re-architecting their existing infrastructure, enabling enterprises to build on the blockchain without sacrificing compute power or security. In addition, the comprehensive Microsoft Azure cloud services and industry-leading identity and security capabilities provide a trusted set of services and tools to develop Web3 applications in this new era of ubiquitous computing.
Space and Time CEO and Co-Founder Nate Holiday said, “The need for verifiable data across blockchains, enterprises, and AI has never been more important. We allow enterprises to integrate blockchain data into their applications and business processes, which is critical for customer growth and enabling responsible data stewards. We’re excited to extend our partnership with Microsoft to bridge enterprise data assets with blockchain and AI innovation.”
Microsoft’s venture capital fund, M12, led a funding round for Space and Time in September 2022. The one-click deployment of Space and Time on the Azure Marketplace provides developers with a trustless intermediary to quickly and efficiently onboard large volumes of enterprise data to smart contracts and new use cases for indexed blockchain data.
Kathleen Mitford, CVP of Global Industry Marketing at Microsoft, said, “At Microsoft, we are empowering growth across emerging markets – including blockchain and distributed data. Microsoft Azure and Space and Time will provide developers with the tools they need to build the next generation of blockchain use cases.”
Space and Time have developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of robust new use cases and business logic on blockchain technology. Space and Time are built from the ground up as a multichain data platform for developers in financial services, gaming, DeFi, or any project requiring verifiable data across enterprise, blockchain, and AI.