Microsoft partners Aptos Labs to help connect financial service companies to the Web3 ecosystem
Microsoft has established a new partnership with Aptos Labs in a bid to make artificial intelligence (AI) and blockchain technologies “accessible to more people and organisations than ever before”.
Aptos Labs signs multi-year partnership with Microsoft
California-based Aptos Labs, which operates the Aptos Network Layer 1 blockchain, will collaborate with Microsoft to help its users overcome the barriers to entry that surround new technologies like blockchain and AI to help bring Web3 into the mainstream.
Aptos Labs is to connect Microsoft’s Azure OpenAI Service to the Aptos Network while also deploying its new AI chatbot, dubbed the Aptos Assistant, which will “operate as a responsible, user-friendly and secure assistant bridging Web2 to Web3 for the everyday internet user and organisation”.
The AI chatbot will act as a source of on-demand information for Azure users regarding the Aptos blockchain, promoting the easier onboarding of users into the world of Web3.
Its technology will also aid Web3 developers in building smart contracts and decentralised apps with “relevant, accessible resources”.
The partnership has also announced its intention to explore a variety of avenues that will continue to connect financial service companies to the Web3 ecosystem, such as asset tokenisation, central bank digital currencies (CBDCs) and payment technology.
To aid the industry’s transition to Web3 even further, Aptos is to run validator notes on Azure as a means to enhance the reliability and security of the Aptos blockchain.
Speaking on the partnership, Mo Shaikh, CEO of Aptos Labs, describes AI and blockchain technologies as “generational breakthroughs that profoundly impact the evolution of the internet and shape society”.
Echoing these thoughts, Rashmi Misra, GM of AI and emerging technologies for Microsoft, says the “interesting” combination of the two technologies can “generate transformational use cases”.
Microsoft joins a growing list of organisations that are choosing Aptos to build Web3 products, which includes Google Cloud, Mastercard and Aptos’ investor Franklin Templeton, among others.
