Microsoft Partners With Waves Enterprise to Tokenize Industrial Assets

The five-year agreement will see Microsoft and Waves collaborate on a possible asset tokenization platform for company equipment.

AccessTimeIconJul 16, 2020 at 11:22 a.m. UTC
Updated Sep 14, 2021 at 9:31 a.m. UTC

Waves' corporate arm is planning on working with Microsoft's Russian subsidiary, in part to create an asset tokenization platform for company equipment.

  • Waves Enterprise said Wednesday it had signed a five-year memorandum with Microsoft Russia to work jointly on corporate blockchain solutions.
  • Waves Platform is a Moscow-based tokenization project; Waves Enterprise was founded in July of last year to offer services to corporate clients on private blockchains.
  • Although nothing has been confirmed, Waves said both sides wanted to use blockchain for new supply chain solutions as well as for the "tokenization of industrial assets."
  • An industrial asset is a catch-all term that can refer to anything from heavy machinery to basic office equipment.
  • Microsoft Russia CEO Kristina Tikhonova said the partnership was a push towards the country's business sector getting to grips with blockchain technology.
  • Future solutions could be made available in Russia and internationally, Waves said.
  • The tie-in will look at the interplay between blockchain and cloud technologies; Waves Enterprise said it will also build a data analytics solution based on Microsoft Azure, the company's cloud computing service.
  • In April, Russia's Ministry of Communications officially recognized Waves as a potential technology provider for future government initiatives.

UPDATE: (July 16, 16:00 UTC): This article has been updated to better distinguish Waves Platform from Waves Enterprise.


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