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Last November, Microsoft launched its Azure Blockchain as a Service (BaaS). Since then, they have been developing the technologies and ecosystem that will bring blockchain to enterprises, governments and people successfully. Based on their learning from these development, Microsoft is today announcing Project Bletchley, an open, modular blockchain fabric powered by Azure.
In Project Bletchley, Azure provides the fabric for blockchain, serving as the cloud platform where distributed applications are built and delivered. Microsoft Azure’s availability in 24 regions across the globe, hybrid cloud capabilities, extensive compliance certification portfolio, and enterprise-grade security enable blockchain adoption, especially in highly regulated industries like financial services, healthcare and government.
Azure will be open to a variety of blockchain protocols, supporting simple, Unspent Transaction Output-based protocols (UTXO) like Hyperledger, more sophisticated, Smart Contract-based protocols like Ethereum, and others as developed.