Microsoft Leads Big Tech Companies In Blockchain Development and Integration
Tech titan Microsoft continues to push distributed ledger technology as it looks to integrate its suite of products and services directly to blockchain.
Microsoft Azure was the first to bring blockchain to the tech giants, that was about three years ago. Now, it has begun connecting just about everything in its business to the underlying technology.
Microsoft going all out with blockchain
Moving away from Microsoft Azure, the company’s cloud computing service, Microsoft has been silently building bridges to connect its blockchain services with its platforms.
Matt Kerner, the general manager of Microsoft Azure reckons that the company has been working to connect its blockchain to other platforms such as Office 365 Outlook, SharePoint Online, Salesforce, Dynamics 365 CRM Online, SAP, including Twitter.
According to Krener, the idea is to allow Microsoft customers to port their data from these platforms into the cloud, and from there onto a blockchain.
Why is Microsoft suddenly shifting towards distributed ledger technology?
The most popular reason why institutional firms are developing the blockchain technology is as a result of the increased efficiency the technology brings.
Microsoft is also expanding the technology to other of its services due to the immense benefit of distributed ledger technology (DLT) in a cloud environment like Azure.
A blockchain that enforces DLT aids 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 Azure Blockchain.
According to the software giant, it amasses data from multiple companies in a standardized format at scale, and the potential to mine data for all sorts of insights then becomes limitless.
Considering this immense benefit, Microsoft is integrating tools such as Microsoft Flow and Logic Apps – which offer hundreds of connectors to thousands of applications – into Azure Blockchain Workbench.
The Azure Blockchain Workbench is a service launched by Microsoft in May to make the creation of blockchain apps easier (the protocol of the service is based on the Ethereum Proof of Authority).
Blockchain and the Big Data
Krener told CoinDesk that the move blockchain expansion of the company is all a part of the evolution of Big Data. To this respect, Matt Krener reckons that:
“Blockchain empowers the next step – enabling a single, authentic data set shared across counterparties. This is already improving the way transactions happen. We believe the same will be true with data analytics.”
Krener further explains that before the advent of blockchain, cloud computing services had to enable departments within the same company to break out of their data silos.
By doing this, they were able to collaborate on heterogeneous data sets, increasing smarts through machine learning (ML) and artificial intelligence (AI).
However, an enterprise leveraging the blockchain technology can now get the structured and formatted data part thrown in for free. According to Kerner, this is what many Azure customers are discovering.
Matt Krener told CoinDesk:
“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”.
Kerner explained that blockchain is aiding the process of bringing vast amounts of unstructured and siloed data into a context where it could be leveraged and even shared, he believes that this would drive exponential change.