Blockchain is a cryptographically secure, shared, distributed ledger. By decentralizing, blockchain changes fundamental processes and models.
- Eliminates Intermediaries – allows industries to redefine or create new business models.
- Reduces Fraud – highly secure and transparent, making it nearly impossible to change historic records.
- Increased Efficiency and Speed – simplifies transactions and enables T + Zero settlement time.
- Increases Revenue and Savings – potential savings and new revenue opportunities through more efficient processes and reduced costs.
Blockchain technology is the new kid on the block, no pun intended.
A blockchain is a data structure that’s used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers.
Blockchain is an emerging way for businesses, industries, and public organizations to almost instantaneously make and verify transactions from streamlining business processes and saving money to reducing the potential for fraud. At its core, a blockchain is a data structure that’s used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers.
Microsoft recently announced the expansion of its blockchain support on Azure to be the first public cloud to enable multi-company blockchain networks. This addresses enterprise scenarios that require a deployment of a private network across Azure regions, subscriptions, and Azure Active Directory (Azure AD) tenants.
Like Microsoft’s first blockchain solution, rather than spending hours building out and configuring the infrastructure and networking across organizations, Microsoft has automated these time-consuming pieces to allow you to focus on building out the consortium and your production pilots.
Microsoft Azure is for developers that works in the cloud and on-premises. Azure offers hybrid consistency in application development, management and security, identity management, and across the data platform.
Here you can watch a video for insights from a Microsoft Azure Partner:
Build and connect distributed applications, and integrate Blockchain with the cloud services and tools your organization already uses to manage its shared business processes. Blockchain is going to recreate our world in a way that makes us more secure, more trusting, more cost-effective, and more inclusive. But in the short term we’re about to see some serious disruption take effect.
- Start building with Microsoft Azure Blockchain Service.
- Download a cloud identity and access management infographic .
How Blockchain Will Accelerate Business Performance and Power the Smart Economy - SPONSOR CONTENT FROM MICROSOFT https://t.co/y7Wmj8eVAP— Dock Intranet Portal (@mydock365) February 20, 2018
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Written by Jessica Northey
She's a multimedia producer to include writing, photography, graphic design and video. She enjoys learning about new technology for business and exploring her city in Jacksonville, Florida.