Microsoft announced its fully managed Azure Blockchain Service in a bulletin on May 2.
The brand new blockchain-as-a-service (BaaS) platform will allegedly allow users to build blockchain applications on preconfigured network.According to Microsoft’s head of corporate communications, Frank Shaw, this service “simplifies the formation, management, and governance of consortium blockchain networks.”
Shaw also noted that Azure Blockchain Service can easily generate a new consortium network “in a few simple clicks,” or let the user conduct basic operations including adding new members to the network.
Quorum, an open source blockchain platform endorsed by JPMorgan Chase, is the very first platform that can be managed via Azure Blockchain Service. Azure CTO Mark Russinovich detailed 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 unleashed its blockchain app development service Azure Blockchain Workbench in May 2018. This system was similarly designed to automate aspects of blockchain-related work– here in this case to streamline blockchain app development by providing readily available infrastructure for the developer.
In October 2018, Microsoft Azure joined forces with Nasdaq. Nasdaq elected to integrate Azure blockchain technology into its financial framework with the expectancy that it would hasten transactions.
On April 30, Amazon Web Services, the cloud computing wing of retail giant Amazon, introduced its own BaaS platform named Amazon Managed Blockchain.