coinadvice

Microsoft Releases Blockchain Manager App

As a positive development for the blockchain community, Microsoft declared its fully managed Azure Blockchain Service in a press release on May 2.

The new BaaS platform will allegedly permit users to construct blockchain applications on a preconfigured network.

As per Frank Shaw, Microsoft’s head of corporate communications, the aforementioned service simplifies the management, formation, and governance of consortium blockchain networks.

Shaw further added that Azure Blockchain Service can construct a new consortium network in a few simple clicks, or let the consumer carry out fundamental operations like adding new members to the network.

Notably, an open source blockchain platform backed by JPMorgan Chase, Quorum is the 1st platform that can be dealt with by means of Azure Blockchain Service. Mark Russinovich, the CTO of Azure, mentioned while explaining the choice, that because it’s built on the well-liked Ethereum protocol, Quorum is a natural choice. As per him, Ethereum has the largest blockchain developer community around the world.

Microsoft Azure launched its blockchain app creation service, Azure Blockchain Workbench, in May 2018. It is to be noted that this platform was also designed to automate various aspects of blockchain-related work. In this case, it is to properly organize blockchain app development by providing easily obtainable infrastructure for the developer.

Furthermore, Microsoft Azure joined hands with Nasdaq, in October 2018. Interestingly, Nasdaq opted to put together Azure blockchain technology with its financial framework with the anticipation that it would pace up transactions.

It is to be noted that the cloud computing wing of retail giant Amazon, Amazon Web Services, launched its own Blockchain as a Service platform dubbed Amazon Managed Blockchain on April 30.

Related Posts

Leave a Reply

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

HOT TOPIC

In, ,
Reports: China Mulling Over Banning Bitcoin Mining
April 10, 20190
blockchainIn, , ,
Bitcoin Approaching Bottom, Institutional Money may “Explode Crypto”, as per Dollar Vigilante
January 14, 20190

LITECOIN NEWS

In, , , ,
Coinbase Allegedly Negotiating Xapo’s Bitcoin Custody Business Acquisition
May 17, 20190
In, , ,
Bitcoin Cash Experiences Difficulties Processing Transactions, Tweets Bitmex
May 17, 20190


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin7,225.02 1.18 % 8.32 % 14.45 %
Ethereum239.32 1.07 % 6.46 % 38.06 %
XRP0.379 0.89 % 9.00 % 26.40 %
Litecoin88.53 0.69 % 7.29 % 16.24 %
Bitcoin Cash356.98 0.49 % 10.83 % 24.49 %