Microsoft revealed its complete Azure Blockchain Service. The unique blockchain-as-a-service (BaaS) platform supposedly lets users to create blockchain apps on customised network. JP Morgan’s Ethereum-based platform, Quorum, is Azure’s first Blockchain Service ledger.
As per Microsoft’s chief of corporate communications, Frank Shaw, this facility “simplifies the formation, management, and management of consortium blockchain networks.”
Corporate communications chief Frank Shaw said “simplifies the formation, management, and management of consortium blockchain networks, allowing businesses to focus on workflow, logic, and app development.” The firm “doubles” its capital expenditure in blockchain tools, Shaw said.
Ahead of Microsoft’s Build developer conference, in a press conference, Shaw told “Azure Blockchain Service deploys a fully managed consortium network in a few simple clicks and offers built-in governance for common management tasks such as adding new members, setting permissions, and authenticating user applications.”
Quorum, a JPMorgan Chase-backed open source blockchain platform, is the first platform that Azure Blockchain Service can handle. Azure CTO Mark Russinovich clarified:
“Because it’s built on the popular Ethereum protocol, which has the world’s largest blockchain developer community, Quorum is a natural choice.”
Microsoft Azure published its Azure Blockchain Workbench blockchain service in May 2018. This platform was also engineered to mechanize parts of blockchain-related work— in this case, to simplify blockchain app creation by providing the programmer with readily accessible facilities.
Microsoft Azure entered into collaboration with Nasdaq in October 2018. Nasdaq chose to incorporate Azure blockchain technology into its monetary framework, expecting it to accelerate transactions.
The company launched an updated version of VS Code, which Russinovich wrote would permit coders to “create and compile Ethereum smart contracts, deploy them to the Azure Blockchain Service public chain or consortium network and manage their code using Azure DevOps.” On April 30, Amazon Web Services reported the official launch of Amazon Managed Blockchain: a totally administered blockchain.
