By Software giant, Microsoft recently announced its fully managed Azure Blockchain Service in a press release on Thursday 2 May.
This new blockchain-as-a-service (BaaS) platform will reportedly enable users to build blockchain applications upon a preconfigured network.
According to Frank Shaw, Microsoft’s head of corporate communications, the service “simplifies the formation, management, and governance of consortium blockchain networks.”
Shaw went on to note that the Azure Blockchain Service could create a new consortium network “in a few simple clicks,” or even allow users perform basic operations such as adding new members to the network.
For example, Quorum which is an open source blockchain platform backed by JPMorgan Chase is the first platform which can be managed by the Azure Blockchain Service. Mark Russinovich, Azure CTO explained:
“Because it’s built on the popular Ethereum protocol, which has the world’s largest blockchain developer community, Quorum is a natural choice.”
Notably, Microsoft Azure released its blockchain app creation service dubbed Azure Blockchain Workbench back in May 2018. This platform was also designed with automation in mind. In this case to streamline blockchain app development by providing a platform with easily available infrastructure for developers.
Notably, back in October saw Microsoft Azure team up with Nasdaq. Nasdaq decided to implement Azure’s blockchain tech into its financial framework in hopes that it would improve transaction speeds.
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