It came as a surprise to many when Microsoft, the leading digital publisher, announced that it was shutting down its Azure Blockchain Service. Microsoft helps organizations, and this service allowed businesses to create and manage their own blockchain networks and has been quite popular among users.
So what does this mean for business owners who have been using the Azure Blockchain Service? And is there anything they can do to continue using blockchain technology? In this blog post, we will answer these questions and provide some advice for business owners who are looking to find a replacement for the Azure Blockchain Service.
What is Azure Blockchain Service
Azure Blockchain Service was Microsoft’s initial foray into blockchain tech, a cloud-based service that allowed businesses to create and manage their own blockchain networks with their own shared ledger data.
The service made it easy for businesses to get started with blockchain technology, and it provided users with an open-source protocol layer and all the tools they needed to build and deploy their own applications based on blockchain technologies. It was even used in the aviation industry, by Singapore Airlines.
Why is Microsoft Shutting Down Azure Blockchain Service
There are a few reasons why Microsoft has decided to shut down the Azure Blockchain Service. First, the service was not as popular as Microsoft had hoped it would be. Second, Microsoft is shifting its focus away from blockchain technology and towards other areas of its business. And finally, there are other cloud-based blockchain services that are more popular and more widely used than the Azure Blockchain Service.
Even after this decision Microsoft looks quite strange especially looking at how the blockchain and cryptocurrency industry is developing. Just recently WeBank and SMU announced new deployments in the form of a blockchain course, as well as the significant news for the industry, was that Swiss blockchain fintech company is partnering with Temenos and the vector of blockchain industry development is clear to everyone, Microsoft still refuses from Azure Blockchain service.
What Does This Mean for Business Owners Who Have Been Using the Azure Blockchain Service
For business owners and existing users who have been using the Azure Blockchain Service, the news that Microsoft is to shut down Azure blockchain is undoubtedly disappointing, as their existing deployments and transaction history will be erased. However, there are a few silver linings to take away from the situation. First, Microsoft is offering free migration to the AWS Blockchain Service for all users of the Azure Blockchain Service, so anyone can migrate ledger data.
Second, there are many other cloud-based blockchain services available, which is the alternative offering that businesses can use to create and manage their blockchain networks, such as the Consensys Quorum blockchain service. Apart from being an efficient and highly reliable platform, it can also boast the fact that the Quorum support center is one of the most helpful ones, and is able to solve most problems you may have.
So what is a business owner to do if they have been using the Azure Blockchain Service? First, Microsoft recommends that they should take advantage of Microsoft’s free migration to the AWS Blockchain Service.
Second, they should research other cloud-based blockchain services and decide which one is the best fit for their business. With a little bit of effort, business owners can find a replacement for the Azure Blockchain Service that will meet their needs and allow them to continue using blockchain technology.
Microsoft’s decision to shut down the Azure Blockchain Service came as a surprise to many, but it doesn’t have to be a setback for business owners who have been using the service. There are other cloud-based blockchain services available that businesses can use to create and manage their blockchain networks. With a little bit of effort, business owners can find a replacement for the Azure Blockchain Service that will meet their needs and allow them to continue using blockchain technology.
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