Microsoft Launches Ethereum Blockchain Services on Azure with Consensys

Microsoft has announced a partnership with Consensys, a company specialized in Ethereum technology, to provide blockchain development services through its cloud platform, Azure. The new solution, Ethereum Blockchain-as-a-Service (E BaaS), allows Azure clients to create and test blockchain applications directly from the cloud, including in areas such as accounting, cross-border payments, and securities transactions.

Consensys, founded in 2014 by Joseph Lubin, co-founder of the Ethereum Foundation, is responsible for the development and maintenance of the solution, while Microsoft provides the distribution platform. The service is based on BlockApps Strato, a full-stack solution compatible with Ethereum standards and smart contracts.

The official launch of the E BaaS service is scheduled for November 10, during the DEVCON conference in London. Microsoft states that it chose Ethereum due to its flexibility and its potential to modernize legacy financial processes.