Categories: Ethereum

Blockchain As A Service On Ethereum Is the New Hot Thing After Amazon And Microsoft Get Involved

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Ethereum (ETH), the public blockchain network and smart contract platform for the development of decentralized applications (dapps), is quickly becoming a standard in blockchain cloud computing services as both Microsoft and Amazon utilize Ethereum’s protocol to offer blockchain as a service to their users.

As previously reported by IIB, Amazon Web Services– the world’s most comprehensive and broadly adopted cloud computing platform– chose Ethereum to allow businesses to set up a blockchain network in its Amazon Managed Blockchain (AMB) service.

Now, just a few days later, Microsft announced in a press release on May 2 that their fully managed Azure Blockchain Service is utilizing Ethereum’s protocol to offer blockchain as a service to its users.

Blockchain As a Service is Blowing Up and Ethereum is the Front Runner

The adoption of blockchain technology is finally beginning to heat up with new cloud computing blockchain-as-a-service (BaaS) platform’s offered by Microsoft and Amazon. These Baas platforms allow users to build blockchain applications on a preconfigured network in an easy and inexpensive way.

Per the press release and according to Microsoft’s head of corporate communications, Frank Shaw:

“Azure Blockchain Service simplifies the formation, management and governance of consortium blockchain networks, allowing businesses to focus on workflow logic and app development.”

Adding to this, Shaw explained that their service enables users to easily deploy a fully managed consortium network with the option to add new members, set permissions, and authenticate user applications on the network.

As for the first blockchain platform that can be managed via Azure Blockchain Service, it’s Quorum, an open-source blockchain platform backed by JP Morgan Chase and built on the Ethereum protocol.

Explaining why Microsft chose Quorum to be the first blockchain platform offered, Azure CTO, Mark Russinovich, said:

“Because it’s built on the popular Ethereum protocol, which has the world’s largest blockchain developer community, Quorum is a natural choice.”

What platform do you think Microsoft’s Azure Blockchain Service will adopt next? Will it be Ethereum’s blockchain itself or another iteration based off of Ethereum’s protocol? Let us know what you think in the comment section below.

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