Microsoft unveils its own Blockchain-based service

San Francisco: Joining the Blockchain bandwagon, Microsoft has unveiled fully-managed Azure Blockchain Service that would simplify the formation, management and governance so that businesses can focus on workflow logic and application development.

Instead of supporting cryptocurrency transactions, Azure Blockchain Service will let businesses develop their applications on its Cloud-based platform.

Microsoft has also announced a partnership with J.P. Morgan to make “Quorum” (an enterprise-focused version of open-sourced platform Ethereum) the first ledger available in Azure Blockchain Service.