Microsoft is following the recent Blockchain trend by continuing to push the technology towards the Azure cloud service, including the potential launch of a marketplace this spring.
Microsoft is mirroring an effort being made by several tech giants to beef up Blockchain use by concentrating its push to integrate the technology as an Azure based cloud service.
Blockchain is the distributed database that underlines Bitcoin, it is noted for being resistant to unwanted changes and for maintaining expanding data records.
Microsoft is aiming to create a Blockchain marketplace during this year, with the certified service likely to be launched by spring.
The technology is useful beyond its Bitcoin application, allowing the safe storage of all kinds of records.
Financial institutes have warmed to Blockchain as a safe and continuously growing data store, and technology companies are also adopting the technology. IBM has recently made Blockchain the underpinning for its developer and cloud services, such as apps.
Microsoft is continuing to beef up its own Blockchain adoption, taking the next step with its Azure Blockchain as a Service (BaaS), which was initially launched at the end of 2015. That initial foray was a collaboration between Microsoft and ConsenSys called Ethereum Blockchain as a Service (EBaaS), giving clients a single click Blockchain database.
Since then, more Azure services based off Blockchain have launched, including a C++ Ethereum client. In January the company announced four new partners on the BaaS, BitPay, Manifold Technology, LibraTax, and Emercoin.