Microsoft Solutions, Tech Buzz
EBaas On Microsoft Azure-See How It will Make The Difference
Everyone, predominantly banking & financial services companies, seems to be
interested in Blockchain technology and that’s what the tech giant ‘Microsoft’ is offering on its
Azure cloud platform.
Partnering with Consensus Systems (ConsenSys), Microsoft is
all set to target the financial service industry with its Ethereum Blockchain
as a Service (EBaaS).
If you’re not familiar with the term Ethereum, don’t you
worry! You’re in the right place. To gain insight into Ethereum, how it works,
what it does and its potential impacts, firstly, you must learn the core
properties of Ethereum
Ready? You must be. Let’s get started!
Ethereum: A Brief Introduction
Ethereum is the leading programmable blockchain launched in
2015. It is a fully autonomous decentralized platform that is not controlled by
anyone. Using this platform, programmers can write code that controls money and
develop applications that can be accessed from any corner of the world.
Ethereum has a solid presence in the information technology
sector, which Microsoft has realized in time and their Ethereum endorsement
cannot be underestimated in any sense. Making this big move, Microsoft Azure is
all set to make their already dominant existence stronger.
Ethereum Blockchain as a Service and Microsoft Azure
Ethereum Blockchain as a Service (EBaaS) is offered on the
Microsoft Azure platform that gives an opportunity to create blockchains
applications on the Ethereum platform. It supports a metadata-driven architecture
(MDDA) and no-code development method that allows programmers to quickly build
single-page applications to manage business data. Each and every aspect of
enterprise application are defined using varied models including Workflow
model, Data model, Data validation rules, Form layout, Full-text search
indexing with Elasticsearch, User interface layout, Access control policy, ETL
(Extract, Transform, Load) model, Report templates and XML schema, and
Messaging.
While Bitcoin is enriched with great features,
Cryptocurrency being the most popular, users were in constant search for
something that is more flexible and extensible. Ethereum gives a perfect finale
to this search while modernizing a lot of processes that were, in one or the
other way, stuck in the past. It is open, flexible, and extremely customizable
according to customer’s needs, provides ample room for innovation and gives
access to various new services and distributed applications (Dapps).
Using this technology with Azure, clients of Azure
Enterprise and developers will be able to create their own private blockchains
(using a single-click cloud based blockchain developer environment), or automatically executed small contracts’
agreement terms in a matter of just 20 minutes, with no prior experience
required. It’s just that easy! Ethereum also serves as an ideal platform for
building distributed ledger applications.
Initial Offerings:
BlockApps Strato, a toolkit to develop Ethereum-based
applications. It is basically a private blockchain sandbox for developers to
experiment with their applications before releasing them into the Ethereum
blockchain or any other platform.
Ether.Camp, another blockchain explorer tool enabling
businesses on Azure to develop their own blockchain solutions.
Features that will grab attention are corporate accounting with enhanced
transparency, cross-border payments, self-executing smart contracts, securities
trading and many more.
A few reasons why you should choose EBaaS platform:
- Free and Easy: An excellent option for those who are not
well-acquainted with programming and coding. The free version comes with an
embedded database that can be readily used by the developers right after
installation.
- Single Page Application: If you’re in search of a platform
that supports web-based enterprise applications with SPA architecture,
then EBaaS is the answer. Also, it offers a clear separation of front-end and
back-end.
- Object-relational Mapping: If writing SQL queries is one
thing you’re struggling most with, EBaaS can do this for you. Object-relational
mapping (ORMs) makes writing code easy-peasy.
- No code development: With EBaaS platform, building a complete
working enterprise application becomes easy, even if you’re a non-professional
developer. It comes with a set of tools that simplify the development and
modification of software solutions.
- Multi-Tenancy: With a multitenancy environment, it is
possible for multiple customers to share the same application that runs on the
same operating system. EBaaS installation supports this architecture where a
single instance of software application can serve multiple customers.
- Model Interpretation: The different designs in MDDA are code
generation and model interpretation. The EBaas platform is based on model
interpretation design, which is easy to maintain and deploy and enables changes
in runtime without stopping applications.
Also Read: What
does the Future of the SaaS Industry look like in 2019?
Wrapping-Up
The above description ensures the ability of EBaaS platform to meet the challenges and complexities associated with the enterprise application development. Taking together, Microsoft Azure’s new service EBaaS allows a platform for its customers to play and learn in a readymade development cum testing cum production environment making Azure a great platform for Blockchain applications. Adding to this, capabilities like Power BI, Cortana Analytics, Azure Active Directory, O365 and CRMOL can also be integrated with the apps to derive an entirely new generation of decentralized cross-platform applications.