Microsoft Launches Azure Blockchain Service

Just days after AWS launched its Amazon Managed Blockchain service, its rival Microsoft has announced its own Azure Blockchain Service. It simplifies the formation, management and governance of consortium blockchain networks. This service deploys a fully-managed consortium network and allows businesses to focus on workflow logic and app development.

The Azure blockchain service also offers built-in governance for common management tasks, such as adding members, setting permissions and authenticating user applications.

Earlier this week, Microsoft also announced that JP Morgan’s open-source blockchain platform Quorum is the first platform available on its blockchain service. This would allow JP Morgan and Microsoft customers to deploy and manage blockchain in the cloud.

Last year, Microsoft had also launched Azure Blockchain Workbench, a simple user interface to model blockchain applications on a preconfigured Azure-supported network.

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