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Bill Gates Departs Microsoft and Signs Cheque for an African Blockchain Company

Bill Gates (William Henry Gates), the legendary figure in software development, has stepped down from the board of Microsoft and Berkshire Hathaway on Friday 13th, 2020. The American business magnate and the pioneer of the microcomputer revolution decided to spend his knowledge towards philanthropic activities for humanity.   

Microsoft Corp., in a press release, has announced the change to its board of directors and mentioned that Gates would continue to serve as “Technology Advisor to Microsoft CEO Satya Nadella and other leaders in the company.” 

Nadella expressed, “I am grateful for Bill’s friendship and look forward to continuing to work alongside him to realize our mission to empower every person and every organization on the planet to achieve more.”

Source: PR Newswire

The 64 years old, illustrious software developer kicked off Microsoft in 1975, along with his deceased childhood friend Paul Allen. After the successful shot in the technology era, the duo launched the Windows computer operating system in 1985, which has so far played a vital role among the world’s best technology software companies.

To leap in his career, the co-founder & technology advisor of Microsoft– the world’s largest software development company; investor, and philanthropist is moving into the realm of global health and education wherein he dedicatedly wants to tackle the issues related to the development of most delicate structure which can confront the climate change.

Microsoft’s New Board Member list

The release reads that “With Gates’ departure, the Board will consist of 12 members, including John W. Thompson, Microsoft independent chair; Reid Hoffman, partner at Greylock Partners; Hugh Johnston, vice chairman and chief financial officer of PepsiCo; Teri L. List-Stoll, executive vice president and chief financial officer of Gap, Inc.; Satya Nadella, chief executive officer of Microsoft; Sandra E. Peterson, operating partner, Clayton, Dubilier & Rice; Penny Pritzker, founder, and chairman, PSP Partners; Charles W. Scharf, chief executive officer and president of Wells Fargo & Co.; Arne Sorenson, president, and CEO, Marriott International Inc.; John W.Stanton, chairman of Trilogy Equity Partners; Emma Walmsley, CEO of GlaxoSmithKline plc (GSK); and Padmasree Warrior, founder, CEO, and president, Fable Group Inc.”

Source: PR Newswire

Bill Gates Steps Down from Berkshire Hathaway

On March 13th, in Sec’s separate filling, Berkshire Hathaway mentioned that the 68 years old, KENNETH I. CHENAULT- the former American Express CEO is nominated to take charge and replace Gates.

Gates has served on the board of an American multinational conglomerate holding company (Berkshire Hathaway) since 2004.

Bill Gates Backed Blockchain Platform 

Bill has signed a check of $1.4million as his contribution towards the fintech firm Crest.

According to Crest president Ian Glover, “Crest is in a mission to build strong cybersecurity in eight fast-developing countries including Asia and African fintech companies,” which is backed by blockchain technology.

Indeed, this considerable grant is significantly representing Gates’s entry in the blockchain space through the Bill and Malinda Gates Foundation. The world’s largest private charitable foundation established in 2000 Gates and his wife, Malinda Gates.

Reportedly, Crest will deploy the funding to increase cybersecurity features in African and Asian markets and provides safe and secure access to digital financial services for the unbanked because, with the invention of the digital era, cyber threats have also increased. Hence, the grant has considered vital to provide access to safe digital financial services to the poor and unbanked.

“The crest is an international not-for-profit accreditation and certification body that represents and supports the technical information security market.”

Source: Crest Website

Microsoft Launched Blockchain Token (preview)

November 6, 2019, Matthew Kerner General Manager, Microsoft Azure, had announced via website’s blog about the launch of a new tool, i.e., Azure blockchain token (preview). The other multiple data management services like blockchain data manager to advance the adoption of blockchain in the enterprise had also announced.

 As per the information, the release of Azure blockchain token will enable the customers to understand the business logic. Azure blockchain token believes in making the user understand the definition, creation, and management of compliant tokens that have built on industry standards. The best part of these tokens is that the user can use the “prebuilt templates for common scenarios and will support a gallery of templates created by partners in the future.”

Image by Won-hyoung 김원형 from Pixabay