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Microsoft unveils blockchain token and data management service

Image: Charles Platiau/Reuters

Mon, 09 Dec 2019, 04:37 am UTC

On the heels of the Azure Blockchain Service launched in May, tech behemoth Microsoft has unveiled Azure Blockchain Tokens and blockchain data manager.

Matthew Kerner General Manager at Microsoft Azure, made the announcement in an online post dated Nov. 06.

Azure Blockchain Tokens is a new offering that will make it easy to “define, create, and manage compliant tokens that are built on industry standards.” It provides pre-built templates for common scenarios with plans to support a gallery of templates created by partners going forward.

“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,” Kerner said.

According to the blog post, streaming platform CEEK Virtual Reality is already using Azure Blockchain Tokens to create a trusted platform for royalty payments. Its token, smart tickets, allows content creators to track content viewership, ensuring royalty payout to creators is based on trusted data.

Blockchain Data Manager

Microsoft said that the preview of this new feature is being rolled out to make Azure Blockchain Service “even better.”

“Blockchain data manager (preview)… captures blockchain ledger data, transforms it (including decoding encrypted event and property state data), and then delivers that data to multiple sources via Azure Event Grid to off-chain databases like Azure Cosmos DB or Azure SQL Database,” Kerner explained.

The feature supports both public and private transaction data and drastically simplifies the process of integrating existing applications with data that sits on a blockchain ledger.

In addition, Microsoft announced that Corda Enterprise is now available as an additional distributed ledger technology within Azure Blockchain Service. Also available is an Azure Marketplace template using Azure Kubernetes Service for customers who prefer Hyperledger Fabric.

Just recently, Microsoft partnered with Enjin to create a blockchain-based incentive scheme for people who are actively participating in fostering Microsoft cloud computing platform Azure.

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