Developing Blockchain Solutions with Azure Blockchain Service

Cloud computing is a platform that provides access to computing resources over the internet. Assume that you have great ideas for making an amazing application, you provide to the internet user, Which gives high profit to the user and gives a great user experience. To be successful, You will have to release it on the Internet. Then it will be famous and need a Server, Storage, and development.

What is Azure?

Azure is a cloud computing platform and an online portal service provided by Microsoft that gives access to and manages resources services:

1. It was launched on 1st February 2010 by Microsoft.
2. It is also like and has many similar features like cloud computing.
3. Very easy to start and also provides a pay-per-use Model.
4. Datacenters in 42 regions around the world use Azure.

In cloud computing

1. Cloud provides many data centers to the user.
2. Systems and Components are critical to the organization's work.
3. User can access any Source based on their requirement through the cloud.

What Is Azure Services

Services are divided into 18 categories and contain 200 services. Computer services provide virtual machine services which is useful for machine learning purposes also.

Cloud service is useful in cloud service and service fabric, Functions, and easy-to-build applications. It provides Networking for Azure CDN and an express route for virtual networking. Azure is Hosting a DNS, which is essential in cloud computing. Disk storage which is necessary in HDD/SSD. Blob storage, file storage, queue storage, and many more.

Blockchain

Blockchain is a Disruptive Technology (Disruptive: takes the place of older technology through new innovation). The introduction of centralized authority though it solves the double-spending problem, introduces another major issue -the cost of creating and maintaining the ecosystem of the centralized authority itself. As the banks need money for their operations, they start cutting commissions on each currency transaction they do for their operations, they start cutting commissions on each currency transaction they do for their clients.

All the above issues are solved by the introduction of blockchain. I will now give you a brief background on what Blockchain is before delving into its design and architecture and how we use Azure to solve problems related to blockchain.

Blockchain are useful in Healthcare, Medicines, Insurance, smart properties, Automobiles, and even Governments.

How we use Azure in developing Blockchain

For developing blockchain by using azure ,The three Solutions offered by Microsoft services are as follows:

1. Azure blockchain service
2. Azure Blockchain Workbench
3. Azure Blockchain Development Kit for Ethereum

Azure Blockchain Service

Azure Blockchain service is a cloud computing platform that is useful for business, e-commerce, and government and expands blockchain network at a very high scale. It is a fully managed ledger, It is a BaaS platform(Blockchain as a Service). It’s a service that strives to provide users with the ability to scale and operate blockchain.

Azure Blockchain Workbench:

It is an innovative version of the cloud that is used service as a platform for reducing time and energy which is needed for blockchain network deployment. Workbench is used for a sturdy table, It provides infrastructure scaffolding for building end-to-end Blockchain applications.

Azure Blockchain Development kit for Ethereum:

In Azure development kit for Ethereum is a smart contract development tool for Pythonistas. the best platforms for development kits and buying Ethereum are; Best for commission, Best for overall cryptocurrency, Best for Commission, Best for mobile app, and Best for socially-driven investing.

Setting up and configuring Azure Blockchain Service

Step-by-step guide for creating Azure Blockchain Service instance

Step 1: Get login into your account at "portal.azure.com" and search "Blockchain workbench"

Step 2: After click upon it, you will go to another window. which consist all details and information about service and click on "create".

Step 3: After click on "create" you will taken into next page asking for all details about service, you have to fill them one by one.

Step 4: Then filling the details ,you will go to next level of the service, this take minimum 25 minutes to process.

Step 5: Just go to output section and click on this URL“https://vaibhav1-sdgfop-api.azurewebsites.net”

Step 6: After you open that link, you will have to register this application in the Active Directory link via PowerShell.

Step 7: When you have successfully completed this integration, you get an acknowledgement like this.

Step 8:You go through the link “https://vaibhav1-sdgfop-api.azurewebsites.net” and the route “/applications” into it making =>”https://vaibhav1-sdgfop-api.azurewebsites.net/applications”.You should see the window below.

Step 9: Click on the option of Deploying the new Application , select your Ethereum JSON file along with the Smart Contract Solidity file.

Step 10:Your application will get deployed , you can now add members via Email ID’s of people, with different roles.

Step 11:You can now add the records and start to track them.

Step 12: One of the records that you add , later modified of a diamond ring can get.

Advantages for Azure in developing Blockchain

1. Useful in learning data Analysis, It provides many Datacenters.
2. Data storage and Backup, user can access any service based on their requirement.
3. It is useful in streaming media content.
4. Beneficial for automating software, delivery, Hosting ,Blogs etc....

Disadvantages for Azure in developing Blockchain

1. Initial setup is very risky and expensive.
2. If the number of users increases you will need to have to buy more servers to keep up with demand.

Applications

1. Application development
2. It is used in Testing machines
3. Used for Application Hosting
4. Creating virtual Machines by using Azure for Blockchain
5. It Have Integrating and syncing features
6. Useful in collecting and storing metrics.
7. Beneficial For virtual hard drives(V.H.D)

Conclusion

Microsoft Azure is very effective in solving blockchain problems and Azure provides very useful services in finding solutions for blockchain by offering Blockchain service, Blockchain workbench, and Blockchain Development kit for Ethereum. these are used in blockchain problem solution platforms. Blockchain Is needed for the future, so, it is necessary to make our development useful for everyone and enhance the quality of machine learning, and Blockchain would be secure and protected by Microsoft Azure.