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IPFS News Link • Technology: Software

Microsoft Launches Ethereum Blockchain as a Service (EBaaS) at Devcon...

• https://bitcoinmagazine.com, by Giulio Prisco

Consensys, a blockchain startup focused on Ethereum technology. Through the partnership, customers of Azure, Microsoft's cloud-based enterprise computing service, will be able to easily build cloud-based blockchain applications, from securities trading to cross-border payments to corporate accounting, and offer them to their own customers.

As anticipated, more details of the partnership and Microsoft's plans for cloud-based blockchain services were unveiled at Ethereum's Developer Conference, DEVCON on November 10 in London.

Reuters reports that the platform will be available to banks and insurance companies that are already using Microsoft's cloud-based Azure platform. Microsoft said four large global financial institutions had already signed up to the service.

"Working with our customers that wanted to start playing around with blockchain technology, the major pain point that we kept hearing from them was that it was just too hard to get started, and too expensive," said Microsoft's Marley Gray, director of tech strategy for financial services.


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