This potential bomb story has largely gone unnoticed by the cryptic community. In a low-profile ad, Microsoft announced the launch of the Ethereum Proof-of-Authority on Azure. However, the lack of fanfare around the announcement should not be confused as indicative of the many practical implications of the launch.
Writing on the blog, Cody Born, hit an optimistic note about the deployment,
"We" We had a lot of traction with our support of Ethereum on Azure. The existing Proof of Work solution has been distributed tens of thousands of times across a variety of vertical industries. Thanks to the extensive development of our platform, we have received excellent feedback from the community that helped us shape our next Ethereum register product. I am pleased to announce the release of the Ethereum Proof-of-Authority on Azure. "
Ethereum on Azure allows users to deploy and configure an Ethereum blockchain network in minutes, which increases the chances of Ethereum adoption for consumers and businesses. (Related: Is the Enterprise Ethereum Alliance?
Blockchain has several practical business applications and that's why a partnership between Microsoft Azure and Consensys Ethereum makes a lot of sense. financial services companies are more interested in the implementation of blockchain technology, exemplary case of the JP Morgan quorum technology.
With Ethereum used by Microsoft's business partners, it is possible to enable a whole range of applications such as electronic voting, employee compensation, cloud storage, intelligent contract agreements, supply chain oversight, and more.
"This will greatly simplify different activities for businesses and will allow them to focus on their core activities thus improving their key revenue and skills. In addition, this partnership will compete with existing and upcoming corporate blockchains such as vechain, quorum, hashgraph and R3 rope, "commented Kartik Mehrotra, Head of Business Development at IOTW.
Microsoft's credibility and resources will actually allow for more adoption. rapid enterprise-level blockchain technology and even forcing competitors like Salesforce and Adobe to rethink their strategies.
Recently new projects are taking the consent models of Proof of Authority (PoA) .The PoA does not require an & # 39; huge amount of CPU usage as opposed to the standard working test and tends to be safer than the Proof of Stake model.
"Although some may consider the PoA is not a decentralized model, everyone is agreed easier for the company to manage and protect its product, "said Alex Bouaziz, CEO of SciDex.
Offering the Ethereum s POE u Azure, Microsoft will contribute significantly to adoption and drive the tendency of other big players to help industry.