Since joining the Bitcoin market in 2014, Microsoft has been involved in and supported multiple blockchain projects , including Ethereum, R3, and Little Ant. Even Azure (Cloud Computing Platform) provides its own blockchain services , which is supported by many well-known banks, financial services companies and exchanges.
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This article simply outlines Microsoft's blockchain layout map, showing how it can work together with multiple partners to lead the blockchain market innovation step by step.
Microsoft Azure covers 24 regions worldwide, with hybrid cloud capabilities, a broad portfolio of compliance certifications, and enterprise-class security services with blockchain technology in highly regulated financial services, healthcare and government sectors. The application is particularly outstanding.
The original product includes two tools to quickly develop SmartContract-based applications:
- Ether.Camp – an integrated developer environment
- BlockApps – A private, semi-private Ethereum blockchain environment that can be deployed in a public Ethereum environment
The platform is constantly updated and new members are added in 2015-2016. From well-known blockchain technology companies to weak community blockchain application startups, the Azure platform has attracted many new blockchains with unprecedented openness and bravery. By. The Azure BaaS platform has also expanded into a “certified blockchain market”.
The Bletchley project addresses common issues for early cross-industry blockchain users, including:
- Openness of the platform
- Integration of features such as identity, key management, privacy, security, operations management, and interoperability
- Performance, scale, support, stability, these are all vital
- The Consortium blockchain uses an invitation system, ideally only licensed members of the consortium network can execute the contract
In the Bletchley project, Azure helps corporate consortia build a blockchain ecosystem architecture. And open a series of blockchain protocols that support simple UTXO (unexpended transaction output) protocols like Hyperledger (super-book) and also support more complex smart contract-based protocols like Ethereum (Ethereum), and Continue to add more protocol support.
Subsequently, Microsoft continued to expand Bletchley's architecture by releasing Bletchley v1, the first release of the Alliance Blockchain Template, to create a diverse distributed ledger ecosystem for private development/testing, focusing on private multi-node federation networks. demand. Extending the support of Bletchley v1 to the Azure Marketplace has inspired new partners to take an interest in their blockchain solutions.
The launch of the Bletchley program allows Microsoft to provide open, flexible, and modular blockchain services to meet the specific details of partners and customers in different fields. Since then, Microsoft and its partner companies have been intensively understanding the needs and concerns of the industry, while developing the necessary technologies and ecosystems to promote the wider use of distributed books. It takes time to create such an open ecosystem, and Microsoft's initiative will accelerate the massive popularity of the blockchain.
- Build and learn from key partners driven by a variety of blockchain technologies
- Develop blockchain market ecosystems and artifacts with partners and customers
- Develop key Azure blockchain middleware services to ensure the infrastructure is ready
Join the Ethereum Alliance
In February 2017, a group of global companies representing the oil and gas industry, the financial industry and the software industry officially launched the Enterprise Ethereum Alliance, which is committed to developing Ethereum into an enterprise-level blockchain.
The development of blockchain was first developed from Bitcoin to Ethereum. Ethereum is a platform, and Bitcoin is a set of transfer payment systems. Now the development of Ethereum hopes to attract everyone's attention, because it has a lot of application stores on it. Ethereum has a special Ethereum browser, we can find out when the number of transactions is done. It's a bit like the Apple App Store, I can download it at any time.
Microsoft has invested heavily in Ethereum blockchain technology. The blockchain and services were first provided in October 2015 through its cloud platform Azure, and in the following month Microsoft released the Ethereum blockchain platform. The enterprise-level solution was released at the Ethereum Developers Conference in London with customers from insurance and banking.
“We’re almost gambling on cloud services,” said Marley Gray, who was also head of Microsoft’s financial services technology strategy. The goal is to provide a cheap platform for blockchain solutions to integrate into customer applications. Applications without previous blockchain technology or smart contract experience can create their own smart contract private blockchains in 15-20 minutes.
In a blog post, Microsoft said the new framework is attractive to companies that want to test potential applications in a more timely manner, and is expected to take up to a year and up to $300,000 in development costs.
Microsoft's Azure cloud service is one of the core of the company's blockchain strategy and the core of the framework. Microsoft said "through the framework, customers and partners can focus on creating truly innovative applications, demonstrating the potential of the blockchain, and spending less time and resources on consolidation tasks to get the underlying proof of concept to work."
This framework can help banks, insurance companies and manufacturers, etc., to establish shared digital ledgers and automated smart contracts, and to address privacy, speed and management issues in the commercial penetration process. The Coco framework creates a trusted network by leveraging the Trusted Execution Environment (TEE), such as Intel SGX and Windows Virtual Security Mode (VSM). In the TEE environment, the establishment of trust between network physical nodes does not require mutual trust between node owners, and can handle various user requests while ensuring the confidentiality of the blockchain state, thereby ensuring the key to secure blockchain protocols. The confidentiality and integrity of code and data enables blockchain applications to run efficiently on fully trusted member nodes.
Inter-node operations in the Coco framework eliminate the need for verification results, providing support for non-deterministic calculations, allowing transactions to interact with external systems based on application needs, enriching application semantics and scenarios. At the same time, it also simplifies the consistency protocol and increases the speed and delay of the transaction. The data shows that comparing the use of the Coco framework and using Ethereum itself to run a large number of transactions, running through Coco, can process more than 1600 transactions per second with a latency of 125 milliseconds. In Ethereum, only 15 transactions per second can be processed, with a delay of 56,520 milliseconds, which is almost one minute.
Mark Russinovich, chief technology officer at Microsoft Azure, said: "Coco brings another approach to book construction that provides enterprises with the scalability, distributed governance and higher confidentiality they need. Sex, without sacrificing the inherent security and immutability they expect." Microsoft is currently testing the Coco architecture with its partners R3, Intel, JPMorgan and Ethereum, and plans to release the application provider interface and development code this year, and put Expand the scale of development on the GitHub repository.
Microsoft has joined IC3 (Cryptographic Currency and Contract Initiative) for the transformation of financial systems based on blockchain technology. The main task of the project is to use blockchain technology to transform future financial institutions to make their work more flexible, transparent, effective and safe.
IC3 includes experts from Cornell University and Cornell Institute of Technology, University of California at Berkeley, University of Illinois at Urbana-Champaign, the University of Illinois, and the Israel Institute of Technology.
IC3 has developed several solutions based on blockchain technology that can transform the financial industry and is now working with financial and banking leaders, governments and open source developers to transform these solutions from trial versions to truly reliable financial systems. And verified efficiency.
York E. Rhodes III, Microsoft's major technology global business strategist, said: "In the study of blockchain technology, we learned about the work of the IC3 team and their impression of the community's practices and contributions. Deep. We are very close to IC3 experts' ideas on extension, accessibility and other interesting aspects of corporate system blocking technology implementation. Their research synergy is in line with our decision-making on enterprise-wide decision making. We are happy to join IC3. Team and work closely with them to implement ambitious projects."
After considering multiple criteria for decentralized identity systems, Microsoft said they decided to choose blockchain technology and protocols because the technology is "very suitable" for this task. Microsoft pointed out: "Some public blockchains, including Bitcoin, Ethereum, Litecoin, etc., provide decentralized identification of documents, document DPKI operations, and have been anchored for anchoring user identification. solid foundation."
Since October last year, government agencies in some countries around the world have also considered the integration of blockchain technology in identity management systems, and related data verification services will be gradually transferred from enterprises or governments to individual citizens.
The relevant person in charge of Microsoft wrote in the blog: "We are very excited to find the amazing things that developers and organizations will build on this open source identity framework. We are equally excited to transcend national borders, blockchains, organizations. And the potential social benefits of the company’s identity."
When Microsoft is doing the blockchain platform, it does not have a consensus or an algorithm itself. Microsoft actually does this ecosystem of blockchains and provides a blockchain environment. So there can be various kinds of environments. Blockchain solution. Li Jiang said: "Microsoft has hosted many blockchain startups on Azure. Azure not only supports the blockchain itself, but also the open source community, database, application framework, including front-end development management, etc., because of the blockchain Development is not only the blockchain itself, but also UI, front-end development, chain-linking, etc., especially the many proofs under the chain, and the blockchain precipitation data, the data also needs to be precipitated under the chain, how to do data mining, How to do big data platform, in addition to the blockchain company, these systems actually need a lot of systems to support. Therefore, Microsoft is presenting a blockchain on the cloud to better integrate the blockchain with the Internet+. Cloud computing, the use of big data to add blockchain. Rather than saying that the blockchain is used in the traditional architecture, the blockchain multi-party accounting consensus mechanism is used. This will not play the blockchain network effect."
The blockchain is the starting point, and more importantly, it is necessary to build a platform and ecological construction through the blockchain. We look forward to giants like Microsoft, which can continue to innovate in emerging technologies such as blockchain and lead the industry.
What new developments are there in the Microsoft Azure blockchain? How is the cloud vendor platform laid out in the blockchain? What are the business use cases of Eitafang's current attractions?
Author | Tian Ningning
Source | InfoQ