The new product will be used to improve the capabilities of Microsoft’s Azure Blockchain Workbench. It has some exciting features like messaging application programming interfaces (API), and off-chain identity and data monitoring in a format that will be used to develop blockchain based apps.
The New Product Will Focus On Three Core Objectives
The blog post says the initial release will focus on three main objectives; integrating data and systems, connecting interfaces and deploying smart contracts and blockchain networks.
Azure Development Kit will enable people, organizations and devices to connect to a blockchain through user interfaces. According to Microsoft, the kit has the Internet of Things (IoT) device integration, virtual assistants, SMS and voice interfaces, bots, support for mobile clients and other related solutions.
When it comes to smart contract interaction, the software company has included Workbench integration scenarios into the development kit. This includes areas like legacy apps and protocols, Software as a Service (SaaS) data, and registries which will generate a custom log and registry item for smart contracts.
To explain how the development kit will be used, Microsoft has also released a white paper dubbed DevOps for Blockchain Smart Contracts.’ It describes how the product will work with blockchain-based apps in certain business environments.
The new product comes four months after Azure introduced a proof-of-authority (PoA). An algorithm that allows for a ‘more efficient’ way to build decentralized applications (DApps). Apps that cater for private or consortium networks where “all consensus participants are known and reputable.”
An excellent example of Azure technology deployment in the commercial sector is the integration it did last October into stock exchange Nasdaq Inc. Financial framework (NFF).
It’s an integration that will facilitate easier buyer-seller matching, payment, and settlement of transactions and management of delivery.
Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.