JP Morgan, Microsoft Launch Quorum Blockchain Service

Blockchain Chain

Two giants at it again. The Redmond based technology titan has collaborated with JP Morgan to launch a blockchain service, making Quorum the first ledger available on the platform.

The multinational investment bank and financial services company teamed up with Microsoft on its impressive little blockchain platform. The Microsoft Azure Blockchain Service is a fully managed network, aimed at simplifying the formation, management, and governance of consortium blockchain.

It is currently available in preview to enterprise users.

JP Morgan Chase Logo

As the press release states:

“With a few simple clicks, users can create and deploy a permission blockchain network and manage consortium policies using an intuitive interface in the Azure Portal.”

Microsoft Azure is taking a novel approach in the highly dynamic world of blockchain with its platform, in that instead of support cryptocurrency transactions, Azure Blockchain Service will let business develop their applications on its cloud platform.

This technology is built on the popular Ethereum protocol which is the largest blockchain developer community in the world.

Both companies hope that this joint venture will offer incredible opportunities for developers, particularly those building AI and mixed reality applications. They will be able to leverage blockchain for solving commercial business problems via their apps.

It also ties in nicely to the fact that 95% of Fortune 500 customers running on Azure, and it will be a natural transition for the developers.

Check out what Quorum, this shiny new distributed ledger technology, promises here.

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