TL;DR
- Microsoft integrated real-time blockchain data into Fabric through a partnership with Space and Time Labs, accessible within Azure OneLake.
- Space and Time uses zero-knowledge proofs to verify data and a Proof of SQL coprocessor that speeds up queries.
- The collaboration generates no costs or revenue for the startup and enables large companies, such as banks, to connect traditional databases with smart contracts.
Microsoft added real-time blockchain data to its Fabric platform thanks to a partnership with the startup Space and Time Labs (SXT). This integration allows developers and companies to access verifiable information from Bitcoin, Ethereum, and other blockchains within Microsoft’s Azure OneLake cloud storage system.
Space and Time uses zero-knowledge proofs to verify and index data distributed by a decentralized network of validators. This technology ensures data accuracy and enables fast queries through a specialized SQL database coprocessor called Proof of SQL. This way, enterprise applications can obtain reliable data directly from the blockchain.
A Blockchain Solution for Large Organizations
The partnership with the tech giant does not involve direct costs or revenue for the startup. Microsoft named Space and Time its first Web3 data provider, strengthening its suite of developer tools in Fabric. The platform unifies data analytics and management services like Azure Data Factory, Synapse Analytics, and Power BI into a single system.
This alliance will also enable large organizations, including banks, to integrate on-chain data into their applications more easily and securely. Space and Time links traditional databases with smart contracts, allowing the creation of sophisticated applications that combine off-chain and on-chain information. In this way, it acts as an oracle that connects both worlds.
Microsoft’s Financial Support
Space and Time recently launched its public, permissionless mainnet. Founded by MakeInfinite Labs, the company has raised $50 million to date, backed by Microsoft’s corporate venture capital arm, M12, which led the strategic and Series A funding rounds.
The integration in Fabric offers organizations a way to analyze and leverage crypto data in real time, simplifying workflows and boosting innovation within a secure and scalable ecosystem. Microsoft and Space and Time thus deliver a solution that makes direct blockchain data access easier
