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Microsoft strikes partnership with banks on blockchain tech

It teams up with R3, a consortium of 43 financial institutions; first commercial deployments of blockchain are seen going live in about a year

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Microsoft's preferred vendor relationship with R3 could give it a leg-up in winning business from banks.

Portland

MICROSOFT Inc has pulled ahead of Alphabet Inc's Google, International Business Machines Corp (IBM), and Amazon.com Inc in the race for supremacy in operating other companies' blockchains.

Microsoft and R3, a consortium of 43 financial institutions, have formed a strategic

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