Microsoft joins Hyperledger blockchain community

Marley Gray, Principal Program Manager, Azure Blockchain Engineering said on 18 June that it was joining the Hyperledger community for open source blockchain technology projects.

Microsoft joins a number of technology and finance organizations such as Citi, Baidu, IBM, Intel, J.P. Morgan, Salesforce, and SAP. The Hyperledger is administered by the Linux Foundation and currently has more than 100 member organizations around the world. The move is the latest by large technology companies like Microsoft to move closer to serious blockchain offerings.

Marley further added –

“Over the past few years, blockchain has shown significant promise across many industries to manage complex workflows and logistics. Enterprises and startups have gone beyond the technology’s digital currency roots to build more business-oriented blockchain applications that leverage a mix of networks, both public and private. From finance and logistics to healthcare and insurance, these applications often focus on scenarios that span multiple parties in a given industry and sometimes even across industries.”

Marley added that Microsoft launched the fully managed Azure Blockchain Service last month, and blockchain workbench and developer kits last year. He clarified that Amazon’s blockchain management service hit the general market in late April, days before the Azure Blockchain Service. The Salesforce Blockchain service was also introduced recently.

Marley sustained by adding that as a founding member of both the Enterprise Ethereum Alliance (EEA) and the Token Taxonomy Initiative (TTI), Microsoft has been a key contributor in standards and specification endeavors. He opined that based on the growing maturity of these specifications, it was now time to take the next step of the journey. This was in the blockchain community who would work together to deliver open source implementations of these offerings.

In May, there were clarifications on the salient aims of Hyperledger Aries. The project would provide code for secrets management, peer-to-peer interaction, verifiable information exchange, and secure messaging for different decentralized systems. It would also promote practical interoperability in support of standard works and extend the applicability of technologies.

Marley concluded by adding that they believed that developing standards and open specifications were critical. This was in a bid to remove customer blockers and accelerating blockchain as a mainstream technology. Marley noted that through their work related to the EEA and TTI, they had identified several opportunities for Microsoft. Marley expressed encouragement to join the Hyperledger community and looked forward to being an active contributor to both project code and discussions.