Microsoft has now fully incorporated blockchain technology. The company introduced ‘Azure Blockchain service’ ahead of its 2019 conference. To push the new service, Microsoft has made a partnership with JP Morgan to make the first ledger present on the platform.
Azure Blockchain Service
The company explains the new blockchain service as a “fully-managed” network. This service is specially made for simplifying the “management, governance, and formation of consortium blockchain.”
Azure Blockchain Service is now available for enterprise users.
The company said, “With the few clicks, users can make and deploy an authorized blockchain network and accomplish consortium policies. It uses an instinctive interface in the Azure Portal.
This platform has already come with built-in governance. It empowers developers to comprise “new members, monitor network activity and health, set permissions and many other operations.”
JP Morgan Partnership
Quorum is an enterprise version of the popular Ethereum. In this partnership, Microsoft and JP Morgan are looking to improve the adoption of enterprise blockchain. These two companies are working to combine Quorum in the cloud.
“Because it is built on the Ethereum protocol – world’s leading developer community, Quorum is known as a natural choice. It incorporates the collection of open-source tools and supports confidential transactions.
Quorum consumers like Louis Vuitton, Starbucks, and many others can now use the Azure Blockchain Service to expand their enterprise networks. It offers services with extremely lower costs.
Even companies like Adobe and Microsoft are launching new cloud services, the company has continued to be the leading cloud player.
At its 2018 conference, the company launches Amazon Managed Blockchain and Amazon Quantum Ledger Database services. Amazon’s new services can help enterprises to maintain the workflow and keep a record of transactions.