Microsoft has collaborated with J.P. Morgan to increase the support for the enterprise blockchain. This collaboration will make Quorum, the distributed ledger by J.P. Morgan to be one of the first distributed ledgers to be available through Microsoft’s Azure computing service. The new Azure will be allowing all its customers to leverage the blockchain solutions in a streamlined fashion.
This collaboration seems to secure and strengthen Quorum to be fully integrated Ethereum-based blockchain platform and suite of applications, which together will carry out enterprise businesses in all the industries. Microsoft Azure was released in 2010 and is compared to Amazon’s Web Services. It is like a “computer fabric” where the developer can concentrate on building the business logic and scaling the platform on demand. Hence, this would provide the customers of Microsoft and JP Morgan the ability to put and manage the blockchain networks in the cloud.
Umar Farooq, the global head of the Blockchain-J.P. Morgan says, “We are incredibly proud of the success Quorum has had over the last four years, as organizations around the world use Quorum to solve complex business and societal problems via blockchain solutions,”
“We are delighted to partner alongside Microsoft as we continue to strengthen Quorum and expand capabilities and services on the platform. Azure will bring unique strengths to enterprise clients using Quorum.”
Adding to this Peggy Johnson, executive vice president of Business Development of Microsoft said, “We’re thrilled to partner with a leader like J.P. Morgan to establish a foundation on which enterprises and partners can rapidly build and scale blockchain networks.”
“Together, we’re taking a truly transformative technology like Quorum and making it available through the Azure platform to accelerate innovation for our customers.”
It seems like this new collaboration is focusing on giving competition in becoming one of the leading blockchain-as-a-service(BaaS) in the market.