Microsoft Azure Launches Enterprise Blockchain Technology

Lition has announced that it’s teaming up with tech giant Microsoft to integrate its commercial blockchain into the Microsoft Azure cloud marketplace.

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Azure Blockchain Service is a fully managed platform that provides all the tools required to form, manage and govern consortium blockchain networks. By design, it will assist businesses to develop applications on top of blockchain technology. This positions Lition as one of the few public and/or private blockchains to be supported by a major cloud provider.

“Lition is committed to providing an accessible onramp to blockchain for all organizations. We believe that making integration as seamless as possible is vital to bridging the gap to adoption. Azure will be a tremendous asset to our customers. We are excited to bring Lition to their marketplace and show people just how easy it is to put blockchain to work for their business,” Dr. Richard Lohwasser, CEO of Lition said in a statement.

As a result, Lition users will also gain access to the dynamic interface for deployment and management of operations. The preconfigured settings on the Azure network assists users in rolling out sidechains and enables them to easily join the team as a validator using a few simple steps. This streamlined device eliminates the need for establishing local servers or manually installing nodes.

Despite being in its nascent stages, interest from Fortune 500 companies is building as it’s brought into the enterprise space. It should be noted that Azure is already the platform of choice for 95% of Fortune 500 companies, including Walmart, Coca-Cola, Boeing, and Samsung. The platform presently has the world’s second-biggest share of the nearly $230 billion public cloud ecosystem.

As Microsoft pushes towards innovation, it has entered Azure into a number of strategic partnerships to strengthen its network capabilities. Renowned cloud file service solution, LucidLink recently announced its cloud-native filing system, Filespace had integrated with Microsoft Azure Blob storage. This partnership looks to make providing data access to cloud service providers more efficient.

Last year, Microsoft became the first tech giant to bring blockchain to the cloud, though it isn’t alone. IBM has adopted blockchain recently and Amazon Web Services revealed its own managed blockchain service in April last year.