Microsoft Fabric, a data analytics platform developed by Microsoft, has incorporated First Web3 Data Provider: Space and Time (SXT), a data infrastructure company backed by Microsoft’s risk division, known as M12.
Space and time use proprietary systems called Zero Knowledge Test (ZK) and “SQL Tests” to make distributed accounting data validation for various networks (blockchains).
According to a recent announcement, space and time provide fabric users with a “verified and real data source.”,in particular Bitcoinsui and Ethereumthrough the Microsoft Azure Onelake platform. According to its official website, Azure is a “cloud platform designed to efficiently manage all your AI solutions, infrastructure, data and analytics in a unified location.”
This integration tool provides Microsoft developers with a way to access Bitcoin data and other real cryptocurrencies. In this sense, it functions as an oracle, but in the opposite sense of traditional meaning, instead of taking information from the real world and introducing it into intelligent cryptocurrency networks, Instead, retrieve data from these networks and provide it to developers and private companies. Let me work in Azure.
As reported by Cryptootics, Oracles is a mechanism for providing external data to the “blockchain” and allows intelligent contracts to be executed based on verifiable information such as asset prices and market data.
According to Space and Time CEO Nate Holiday, this reverse Oracle integration in Azure allows Microsoft to provide third parties with a “on-chain perspective” whether they are companies or banks operating in database solutions. In this sense, holidays supported:
All users currently using Fabric are releasing data chain data as part of this integrated data suite driven by Space & Time and provided to customers through Microsoft.
Nate Holiday, CEO DE SPEAL AND TIME
What does Microsoft mean in cryptocurrency space and time?
Incorporating this class of data into Microsoft fabrics reflects a wider trend. It is a convergence between events occurring on the Web3 cryptocurrency network and technology and finance giants such as banks and businesses that are traditionally far from digital finance inspired by Bitcoin technology.
In this sense, traditional companies have tools that provide access to cryptocurrency information. Something that can motivate new intrusions into the industry. Either way, certain cryptoactives can absorb new capital in that case. Or by offering new services using Bitcoin and Crypta Active, which further diversifies what is already available.
With this invasion, Microsoft will slightly deepen its already shy and ambiguous relationship with Bitcoin and cryptocurrency. As reported by Cryptonoticias, Microsoft was a pioneering business in the use of Bitcoin and a pioneer of “remorse” to adopt it.
In December 2014, Microsoft allowed the US to use BTC as a means of adding funds to your account.aCompany services. At one point, I was able to add applications and services, purchase Microsoft software, as well as purchase video games and audiovisual resources on the Xbox console.
In 2018, the company still accepted Bitcoin as a form of payments at its official service store, but fundamentally. By then, payment roads had been suspended and had temporarily declined at least twice in 2015 and 2016. It is estimated that around 2019, Microsoft stopped accepting payments with BTC. Apparently, the reason You’d submitted to Bitcoin price volatility. This volatility would be a loss Microsoft had committed.