Microsoft's cloud computing platform Azure formally announced the release of its blockchain app creation service, Azure Blockchain Workbench, on May 7.In a press release, the company highlighted blockchain as a "Key topic of interest" as it also kicks of its annual Microsoft Build conference this week.
Workbench will allow businesses looking to create bespoke blockchain apps to speed up the development process by automating infrastructure setup.
This, Microsoft Azure general manager Matthew Kerner says, means "Developers can focus on application logic, and business owners can focus on defining and validating their use cases."
The computing giant's optimism around both blockchain and aspects of cryptocurrency has continued despite founder Bill Gates' well-publicized criticism of Bitcoin as an investment.
In February, support from the company came in the form of Microsoft's Identity division plugging off-chain scaling solutions for Bitcoin, at a time when the Lightning Network was seeing significant growth in user numbers.
While integrating a blockchain-based ID system into its Microsoft Authenticator service, the company was specific in its praise of decentralized protocols.
"While some blockchain communities have increased on-chain transaction capacity, this approach generally degrades the decentralized state of the network and cannot reach the millions of transactions per second the system would generate at world-scale."
Microsoft Azure Launches Tool To Speed Up Blockchain-Based App Creation
Published on May 8, 2018
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.