Microsoft, one of the most important technological companies in the world, announced the Azure Blockchain Workbench Monday. The workbench provides a new set of tools for developers that are interested in working with blockchain technology.

Microsoft Blockchain Tools

In a blog post released by Microsoft on May the 7th, the company has made available the new Microsoft Azure Blockchain workbench. The intention is to make easier for developers to work with blockchain applications.

The post reads as follows:

“Available today, the new Microsoft Azure Blockchain Workbench makes it easier to develop blockchain applications by stitching together an Azure-supported blockchain network with cloud services like Azure Active Directory, Key Vault and SQL Database, reducing proof-of-concept development time dramatically.”

Matthew Kerner, General Manager at Microsoft Azure, said that the new product will be able to reduce application development time from months to days. More efficient companies working with blockchain technology is related to more advanced products and faster integration with the market.

Mr. Kerner commented:

“Today we’re excited to announce the public preview release of Azure Blockchain Workbench, a new offering that can reduce application development time from months to days. Workbench gets customers started quickly by automating infrastructure setup, so developers can focus on application logic and business owners can focus on defining and validating their use cases.”

The new service allows users to perform different activities in a much easier and faster way. Individuals will be able to associate blockchain identities with federated identity systems through the Azure Active Directory for single sign-on, and for simplified consortium identity management. At the same time, they will be able to store secrets and keys securely with Azure Key Vault, ingest and manage the events required to trigger smart contras using Service Bus and Event Grid, and more.

Bill Gates Does Not Like Bitcoin

Bill Gates, Mircorosft founder said that he would short Bitcoin right now if he would be able to do so. During an interview with CNBC’s ‘Squawk Box’ he showed himself against Bitcoin and ICOs.

Mr. Gates explained:

“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment.” After it he added: “I agree I would short it if there was an easy way to do it”

It is important to mention that he said that he supports the technology behind Bitcoin. Indeed, Microsoft is investing in Blockchain technology since some time, and it is helping companies to work with distributed ledger technology.

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