Technology

Microsoft Joins Blockchain Technology: Tied up with J.P. Morgan to Drive Quorum

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.

Amazon Competition

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.

 

Maria Garcia

One of the youngest members in our team of versatile writers, Maria Garcia is a thorough IoT blogger who keeps the reading momentum soaring with her lucid analysis of critical concepts such as IoT. Technology remains closest to her heart when it comes to articulation. She closely follows ongoing developments across the ambit of machine learning and AI to hone her analytical skills and reflect the same precisely in her IoT centric write-ups. She also cracks new tactics in data security and malware attacks to understand the concept of IoT app development. Her rich understanding of IoT is also reflected in her personal blogs which she regularly updates besides her professional commitment. Email Id: maria@themarketgazette.com Contact No: +1 210-667-2450

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