Microsoft prefers JPMorgan’s Quorum for Azure Cloud

Microsoft prefers JPMorgan’s Quorum for Azure Cloud

On Thursday Microsoft announced a number of improvements to its Azure cloud platform that are created to give developers increased capabilities for developing artificial intelligence (AI), machine learning, mixed reality, blockchain and Internet of Things (IoT) solutions, via both hybrid cloud and edge architectures.

Peggy Johnson, executive vice president of business development at Microsoft, states the partnership will accelerate innovation for customers. All three models feed into the same back end.

Last year Microsoft announced Azure Blockchain Workbench to provide developers with a simple UI to model blockchain applications on a preconfigured Azure-supported network and now the company is taking things a step further with Azure Blockchain Service.

Microsoft is also releasing tools to let users make artificial intelligence models without having to write the underlying code.

The announcements come under four broad categories: Artificial intelligence; Azure machine learning; edge computing and hybrid cloud; and Azure Blockchain. This was going to be announced on May 6 on which the Microsoft company is organizing its annual build event. With Azure, Farooq believes that the company will gain "unique strengths" that will benefit Quorum's enterprise clients. It offers reproducible, auditable, automatable machine-learning lifecycles. The service began to recover around 2:30pm, although Microsoft had yet to sound the all-clear as of this writing and warned that it could take some time to get everyone back up and running.

A product Web site for IoT Plug and Play had not yet been launched when this article was written.

"Companies using Quorum could build blockchain proof-of-concept applications in about six weeks as opposed to six months because of the cloud, and they can use their existing IT teams". Customers will be able to rapidly grow their networks while benefitting from lower costs, simplified deployment and built-in governance enabled through Azure Blockchain Service.

Microsoft also announced that JP Morgan's Ethereum platform, Quorum, will be the first ledger available in Azure Blockchain Service.

The ledger is just the foundation for new applications. "It integrates with a rich set of open-source tools while also supporting confidential transactions, something our enterprise customers require". Today we are releasing an extension for VS Code to address these issues.

A spokesperson for New York-based JPM said via email that "Microsoft will drive preference to the Quorum stack for Blockchain applications built on Azure".