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Microsoft Azure Announces New Tokenization And Blockchain Data Management Services

Microsoft Azure, Microsoft’s blockchain-enabled cloud service, has announced new tokenization and blockchain data management services.

Microsoft Azure Announces Blockchain Token and Data Management Service Microsoft Azure now provides two new services, one dedicated to tokenization and the other to blockchain data management News — CryptoPost (@crypto_PST) December 8, 2019

On December 6, it has been published on the official Microsoft Azure blog that the IT service giant announced the Azure Blockchain Tokens and blockchain data manager.

However, The Azure Blockchain Tokens service aims to simplify the definition, creation, and management of compliant tokens built to industry standards. The firm also provides pre-built templates for common uses and hosts a gallery for templates created by partners, which are expected to be added in the future.

The announcement reads:

“With this latest offering, we can now offer customers an end-to-end experience of easily creating and managing tokens for physical or digital assets via Azure Blockchain Tokens (preview), in addition to managing the blockchain network itself via Azure Blockchain Service.”

The other service announced, blockchain data manager is a new Azure Blockchain Service feature, which designed to allow its users to capture blockchain ledger data, transform and decrypt it if it is encrypted and deliver it to multiple sources.

As per the announcement, this new functionality simplifies “the cumbersome task of integrating existing applications with data that sits on a blockchain ledger.”

Likewise, David Havera, the Blockchain Leader of GE Aviation Digital Group, said:

“Microsoft has taken blockchain from an art and transformed it into a science by fundamentally improving each aspect of the software stack. We’ve benefited from the innovation of no-code logic apps for data ingestion, off-chain storage with Azure SQL Database and Azure Cosmos DB, and analytics visualization via Power BI. The rich integration of these Azure services with Azure Blockchain Service and Azure Blockchain Workbench have enabled us to get our solutions into the hands of our customers much faster with a lot less complexity.”

Mary Spio, the CTO of CEEK VR, said:

“CEEK Virtual Reality was looking for a trusted partner to help us with content viewership verification on the blockchain, and Azure Blockchain Tokens was perfect because it helped to drastically reduce our time to market and offered a trusted partner for providing proof on the blockchain.” 

Thus, earlier this week, Microsoft Azure also announced “Azure Heroes” non-fungible blockchain tokens aimed at rewarding its developer community.

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