As we reported earlier, Microsoft has recently been cooperating with Starbucks to implement cryptocurrency as a means of payment. Meanwhile, this is not the only upgrade of the software giant. Microsoft has also been exploring the possibilities of blockchain and came up with its own version of Ethereum blockchain, known under the name of Azure Blockchain.
The main two protocols that the blockchain will focus on are:
- PoW (proof-of-work)
- PoA (proof-of-authority)
They will eliminate the need to mine Ethereum coins.
The official report states that the new Microsoft blockchain will be highly beneficial for multiple businesses and projects in various spheres, from insurance to supply chains:
“Rather than spending hours building out and configuring the infrastructure, we have automated these time-consuming pieces to allow you to focus on building out your scenarios and applications.”
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