Microsoft and Amazon take blockchain to the cloud

Microsoft recently unveiled in Azure Blockchain Workbench that developers can leverage to build blockchain products without having prior expertise in blockchain. Microsoft agrees that it is investing heavily in blockchain technology because it has the “potential to change the way businesses, industries, and public organizations conduct and verify transactions, thereby streamlining business processes, saving money, and reducing the potential for fraud.”

Amazon is also finding ways to make it easier for develops to build blockchain-based projects using its Amazon Web Services (AWS) platform. Last month, Amazon introduced its AWS Blockchain Templates that be leveraged to deploy Ethereum and Hyperledger projects that’s are independently verifiable and transparent.

Amazon notes that its Blockchain Templates will allow developers to “focus on building your blockchain applications instead of spending time and energy on manual setup of your blockchain network.”

Both Microsoft and Amazon are playing to their strengths by setting up platforms that developers can leverage to build blockchain projects by leveraging their cloud offerings. As the blockchain ecosystem continues to evolve and more practical uses of blockchain emerges, you’ll start seeing traditional companies making heavier investments in blockchain.