Tech giant Microsoft has released its fully managed Azure Blockchain Service that will ostensibly enable users to develop Blockchain applications on the preconfigured network. On this move, Microsoft’s head of corporate communications, Frank Shaw says that this service “simplifies the formation, management, and governance of consortium blockchain networks.” He further noted that Azure Blockchain Service can create a new consortium network “in a few simple clicks,” or let the user perform basic operations like adding new members to the network.
Quorum, an open source blockchain platform supported by JPMorgan Chase, is the first platform that can be controlled through Azure Blockchain Service. Azure CTO Mark Russinovich described the choice “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 announced its Blockchain app creation service Azure Blockchain Workbench in last May, which is designed to automate aspects of Blockchain-related work, it the case to streamline blockchain app development by offering readily available infrastructure for the developer.
In October last year, Microsoft Azure teamed up with Nasdaq, an American stock exchange. Nasdaq opted to incorporate Azure blockchain technology into its monetary structure with the expectation that it would expedite transactions. In the same context, Amazon Web Services, the cloud computing wing of retail giant Amazon, recently introduced its own Blockchain-as-a-Service (BaaS) platform Amazon Managed Blockchain.