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Blockchain Industry News

Microsoft Unveils Blockchain-Backed Manager App

Microsoft finally unveiled its Azure Blockchain Service. The company announced its achievement on May 2 via a press release. The fully managed BaaS (blockchain-as-a-service) platform will reportedly permit users to develop blockchain applications on a pre-configured network.

Microsoft Azure

Frank Shaw, Microsoft’s Head of Corporate Communications, said the service facilitates the “formation, management, and governance of consortium blockchain networks.” He also pointed out that their Azure Blockchain Service can develop a new consortium system with just a few clicks. It can also allow the user to conduct basic operations like adding new users on the network.

Open source blockchain system Quorum is the first platform that can be run using the Azure Blockchain Service. It’s also supported by JPMorgan Chase.

Azure CTO, Mark Russinovich

Mark Russinovich, Azure’s CTO, said the decision to utilize Quorom came naturally since it’s developed on the Ethereum protocol, one of the biggest blockchain developer community in the world.

Blockchain Infrastructure

Microsoft Azure unveiled the Azure Blockchain Workbench last year. The blockchain app creation service was also developed to automate parts of blockchain-connected work. In this instance, it’s utilized to streamline the development of blockchain apps by giving the developer a stable and available infrastructure.

Microsoft’s blockchain technology has found a steady stream of partners. The company partnered with Nasdaq in October 2018. Nasdaq integrated the Azure blockchain into its financial structure in order to speed up its transactions.

But Azure is also coming up against the steep competition. On April 30, Amazon’s cloud computing wing AWS (Amazon Web Services) introduced its BaaS platform called the Amazon Managed Blockchain.  

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