Microsoft is partnering with ConsenSys to offer Ethereum Blockchain as a Service (EBaaS) on Azure. This allows Enterprise clients and developers to have a single click cloud based blockchain developer environment.
The initial offering contains two tools that allow for rapid development of SmartContract based applications: Ether.Camp – An integrated developer environment, and BlockApps – a private, semi-private Ethereum blockchain environment, can deploy into the public Ethereum environment.
While Financial Services are now showing their interest in Blockchain technology especially around BitCoin, Microsoft believes that Ethereum provides the flexibility and extensibility many of our customers were looking for.
In Financial Services particularly, Blockchain is a major disruptor to some of their core businesses, and FinTech companies are driving innovation in this space. Ethereum is open, flexible can be customized to meet our customer’s needs allowing them to innovate and provide new services and distributed applications or ?apps. Ethereum enables SmartContracts and Distributed Applications (?Apps) to be built, potentially cutting out the middleman in many industry scenarios streamlining processes like settlement. But that is just scratching the surface of what can be done when you mix the cryptographic security and reliability of the Blockchain with a Turing complete programming language included in Ethereum, we can’t really image what our customers and partners will build.
“Ethereum Blockchain as a Service” provided by Microsoft Azure and ConsenSys allows for financial services customers and partners to play, learn, and fail fast at a low cost in a ready-made dev/test/production environment. It will allow them to create private, public and consortium based Blockchain environments using industry leading frameworks very quickly, distributing their Blockchain products with Azure’s World Wide distributed (private) platform. That makes Azure a great Dev/Test/Production Environment for Blockchain applications. Surrounding capabilities like Cortana Analytics (machine learning), Power BI, Azure Active Directory, O365 and CRMOL can be integrated into apps launching a new generation of decentralized cross platform applications.
Read more about it from the link below.