Microsoft Azure, the company’s cloud computing service brought in the wave of the Blockchain to the cloud and now that same technology is spreading to other products within the tech company’s arsenal.
Slowly but surely, Microsoft has been building a slew of networks between its blockchain providers and other platforms, such as Sharepoint Online, Salesforce, Office 365 Outlook, Dynamics 365 Online, SAP and even Twitter, as stated by the General Manager of Microsoft Azure, Matt Kerner. Customers can transport their data from the aforementioned products to these platforms and from there onto a blockchain.
The ability of the blockchain to enforce a distributed ledger technology (DLT) and the collection of massive data from a multitude of sources in a standardized manner, easing the process of sorting and scaling said data, are the main proponents of the Blockchain and the reason companies like Microsoft will benefit.
Microsoft Azure and Logic Apps, two cloud-related applications have also been integrated into the Azure Blockchain workbench, a newly launched (May 2018) service for Microsoft’s Blockchain related apps.
Matt Kerner said, in the context of the evolution of Big Data, “Blockchain empowers the next step- enabling a single, authentic data set shared across counterparties. This is also improving the way transactions happen.”
With the title of the most valuable resource in the world shifting from oil to data, the push to prove which analytical system interprets data the best has further intensified, a plethora of firms are emerging with the objective to better organise, interpret and format data.
In light of this, Kerner said, with enterprise blockchain, the structured and formatted data is already present. He further added, “What blockchain is doing is creating a multi-party business process that is moving out of email, phone calls, spreadsheets and into a single system with a single view on the data that all of the participants can rely upon and trust.”
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