• Coins 2,314
  • Markets 14,056
  • Market Cap 251,693,652,014
  • 24h CMC 6,664,034,062.15
  • 24h Vol 26,698,069,309
  • Dominance BTC 58.70 % | ETH 10.78 % | XRP 6.50 % | 

Microsoft unveils Azure Blockchain Service


Microsoft recently announced its fully managed Azure Blockchain Service. The news was announced in a press release on May 2. The new platform will further allow users to create new blockchain applications on the network.

Microsoft’s head of corporate communications, Frank Shaw, expressed his enthusiasm and said this service will simplify the management, formation and governance of consortium blockchain networks. Shaw further noted that Azure Blockchain Service can help in building a new consortium network.  

The trend of Blockchain- as- a service was fuelled with Quorum, it is the first platform that can be managed via Azure Blockchain Service. Azure CTO Mark Russinovich explained the choice:

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

Microsoft Azure released its blockchain app creation service Azure Blockchain Workbench in May 2018. The platform was designed to automate aspects of work involving blockchain.

In October 2018, Microsoft Azure partnered with Nasdaq. Following which Nasdaq decided to integrate the service in its framework to accelerate throughput.

Blockchain Adoption on an All-time High

Recently, Switzerland-based food giant Nestlé, French supermarket chain Carrefour have partnered with IBM for tracking supply chain of Mousline, a well-known brand of instant mashed potatoes.

Once the pilot is rolled out, shoppers will be able to know where exactly the potatoes came from by scanning a QR code in their smartphones. In addition, to their journey to the specific Carrefour store.

As reported earlier by CoinMarketFeed, Carrefour has taken it  blockchain integration to next level in recent months by applying the technology for tracking milk.The retail giant will be gradually rolling out it its first blockchain-powered product, Carrefour Quality Line (CQL) micro-filtered full-fat milk. The quality line is claimed to provide complete product traceability across the supply chain.

In another news reported by CoinMarketFeed, Albertsons, United States supermarket chain announced using Food Trust for tracking one of its products- Romaine Lettuce. The latter has a chain of 2,300 stores across the U.S.

The firm plans to expand on the usage of blockchain with other products but initially it will use the supplychain to track romaine lettuce. The latter also has a clientele of 80 in a rapidly changing industry. The firm further notes that over five million products are now tapping blockchain for delivery processes.

More recently, Samsung SDS announced that it will soon be launching its own blockchain accelerator technology, Nexledger Accelerator, following a successful test with Hyperledger Fabric, which will improve transaction processing speed.