Can cloud and Blockchain work together without canceling each other out?
If someone would have asked you this question a few years back, your answer would have been a definite NO.
But that’s an old scenario of 5 years ago. From the time Microsoft Azure brought Blockchain to the cloud, all the doubts went away!
Matt Kerner, the general manager of Microsoft Azure stated in one of his interviews with Coindesk-“Blockchain empowers the next step – enabling a single, authentic data set shared across counterparties. This is already improving the way transactions happen.”
But, the question is, are Azure Blockchain features really being that helpful as he claims?
In this blog, we’re going to tell you all about Azure Blockchain service and where it is bestowing the blessings upon corporate sectors. But before we start, let us tell you in brief about Blockchain and Microsoft Azure’s cloud platform first, so that you can find a clear connection.
We all know about cloud computing. Isn’t it? It is an on-demand availability of the computer system resources, especially data storage and computing power without direct active management by the users. And you know about Microsoft Azure too from our previous blog. It’s been a while that Microsoft Azure has been a very trusted cloud-based and user-friendly platform. Now, how does it relate to Blockchain? Well, let’s have an Azure Blockchain overview to know this answer.
An Overview of Azure Blockchain:
Azure Blockchain Service is a managed ledger service that allows the users to operate Blockchain Networks at scale in Azure. An Azure Blockchain framework provides unified control for both infrastructure management as well as a Blockchain network governance.
Apart from this, it includes:
- Network Deployment and Operations:
Deployment of Azure Blockchain Services is done through the Azure portal, Azure CLI or using the Azure Blockchain visual code extension. This has been simplified including the provisioning of transaction and validator nodes. While deploying a new Blockchain member users also create or join a consortium. Azure also helps the end-to-end Blockchain management with the help of performance and service tire. The transaction nodes are secured with firewall rules and require configuration to access.
- Built-in Consortium Management:
A consortium in Azure denotes a logical group to manage the governance and connectivity between Blockchain members who do transactions in a multi-party process. Azure Blockchain service provides you with a built-in governance control with pre-defined smart contracts that determine the actions taken by the consortium members. One can manage a consortium by using common interfaces too rather than submitting and modifying solitary-based smart contracts.
- Develop Smart Contracts With Familiar Tools:
With the help of Microsoft Azure-based Blockchain as a service facility, developers can leverage familiar tools like Truffle Suit in order to build smart contracts. The Azure Blockchain Development Kit extension allows them to create or connect to the existing consortium to do the same.
Not only this, Blockchain Data Manager for Azure blockchain service captures, transforms, and delivers transaction data to Azure event grid topics providing reliable and scalable Blockchain ledger integrations.
What do you think? If implemented well, the Azure Blockchain project can really be a breakthrough. Isn’t it?
Now let’s look into Microsoft’s diary, to find out where and how to use Azure with Blockchain.
Improvement In Terms Of Developer Experience:
Need we even mention this that Developers are going to get most benefitted by getting started with Azure Blockchain?
To help developers build applications on the service, Microsoft designed a special Azure Blockchain Development Kit. It runs on all the operating systems and brings out the best of Microsoft and open-source Blockchain tooling including deep integrations. There are a few features that developers can make the best use of as well:
If we look into Azure Blockchain use cases, this one has been appreciated the most from the developers. Its breakpoints, call stacks, watch windows and interactive pop-ups let developers identify, debug and resolve issues.
- Auto-generated Prototype UI:
The development kit generates a special UI that is rendered and activated by Visual studio code. It allows developers to interact with their deployed contracts without building other UI or custom software simply to test the basic functionality of their contracts.
Blockchain Adoption With Microsoft Azure Blockchain Token:
On their customers’ continuous demand to tokenize physical and digital assets, Azure Blockchain managed to create a preview of Azure Blockchain tokens. These tokens will simplify the ability to define, create and manage compliant tokens that are built on industry-standard. Not only this, these tokens provide pre-built templates for the common scenario as well. With the help of these tokens, top-notch end-to-end customer experience is being expected.
But, is it really working? Let’s see what CEEK Virtual Reality, a streaming platform for live and recorded augmented reality who has been using Azure Blockchain Tokens has to say about it.
“CEEK Virtual Reality was looking for a trusted partner to help us with content viewership verification on the blockchain, and Azure Blockchain Tokens was perfect because it helped to drastically reduce our time to market and offered a trusted partner for providing proof on the blockchain.” – said Mary Spio, the chief technology officer of CEEK Virtual Reality.
During 2018 and 2019, you must have come across so many discussions in various forums- “Is Blockchain going to overtake the cloud services?”
Microsoft Azure and Blockchain came up with the answer together.
So, if someone asks you next time- “What is Azure Blockchain service?” simply tell them, it’s a proof of how these two can literally flip the coin for good to bring a remarkable transformation.
If you want to become accredited expert in this you need to achieve two certification blockchain certification and Microsoft Azure Certification
Who knows, maybe you are the chosen one to bring your organization under a Microsoft Azure Blockchain environment? Let’s give it a try!