Microsoft proclaimed its totally managed Azure Blockchain Service in an exceedingly press release on May 2.

The new blockchain-as-a-service (BaaS) platform can supposedly permit users to make blockchain applications on preconfigured network.

According to Frank Shaw, Microsoft’s head of company communications, this service “simplifies the formation, management, and governance of consortium blockchain networks.”

Shaw any noted that Azure Blockchain Service will produce a replacement consortium network “in some easy clicks,” or let the user perform basic operations like adding new members to the network.

Quorum, an open supply blockchain platform backed by JPMorgan Chase, is that the 1st platform which will be managed via Azure Blockchain Service. Azure CTO Mark Russinovich explained the choice:

“Because it’s designed on the favored Ethereum protocol, that has the world’s largest blockchain developer community, gathering may be a natural alternative.”

Microsoft Azure discharged its blockchain app creation service Azure Blockchain worktable in May 2018. This platform was together designed to automatic aspects of blockchain-related work throughout this case to contour blockchain app development by providing readily available infrastructure for the developer.

In Oct 2018, Microsoft Azure joined forces with NASDAQ. NASDAQ opted to integrate Azure blockchain technology into its money framework with the expectation that it might speed up transactions.

On April 30, Amazon internet Services, the cloud computing wing of retail giant Amazon, released its own BaaS platform dubbed Amazon Managed Blockchain.

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