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Microsoft Announces Blockchain Token and Data Management Services


Microsoft’s blockchain-enabled cloud service Microsoft Azure announced new tokenization and blockchain data management services.
In a post published on the official Microsoft Azure blog on Dec. 6, the IT service giant announced the Azure Blockchain Tokens and blockchain data manager.

New tools for Azure  users?

The Azure Blockchain Tokens service aims to simplify the definition, creation and management of compliant tokens built to industry standards. The firm also provides pre-built templates for common uses and hosts a gallery for templates created by partners, which are expected to be added in the future. The announcement reads:
“With this latest offering, we can now offer customers an end-to-end experience of easily creating and managing tokens for physical or digital assets via Azure Blockchain Tokens (preview), in addition to managing the blockchain network itself via Azure Blockchain Service.”

The other service announced, blockchain data manager, is a new Azure Blockchain Service feature designed to allow its users to capture blockchain ledger data, transform and decrypt it if it is encrypted and deliver it to multiple sources. Per the announcement, this new functionality simplifies “the cumbersome task of integrating existing applications with data that sits on a blockchain ledger.”
Earlier on this week, Microsoft Azure also announced “Azure Heroes” non-fungible blockchain tokens aimed at rewarding its developer community.
Blockchain is seeing increasing adoption in the most disparate of industries. As Cointelegraph illustrated in a dedicated analysis yesterday, one of the latest examples is provided by the use of blockchain in combination with 3D printing to enhance aerospace supply chains.
with microsoft and other industry giants creeping into the space and taking position you want to imagine what the future of blockchain would look like.
with some nation's authorities adopting blockchain as well you will agree that blockchain space holds the solution to the challenges faced in centralized  systems in different industries and governmental systems.

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