Microsoft is expanding into blockchain technology and through Azure, Microsoft’s cloud computing platform, companies can build a more secure environment using the new application, Project Bletchley.

The new project, named after Bletchley Park where Alan Turing broke the German Enigma Code during World War II, allows businesses to create an effective ecosystem while having easier access to the blockchain for the first time.

Marley Gray, Microsoft’s Director of Blockchain Business Development and Strategy, presented the first details of the new blockchain project. “Project Bletchley is a vision for Microsoft to deliver Blockchain-as-a-Service (Baas) that is open and flexible for all platforms, partners and customers,” he said.

He continued in the statement:

Project Bletchley addresses common themes we’re hearing from early adopters of blockchain across industries, including:

  • Platform openness is a requirement.
  • Features like identity, key management, privacy, security, operations management and interoperability need to be integrated.
  • Performance, scale, support and stability are crucial.
  • Consortium blockchains, (which are members-only permissioned networks for consortium members to execute contracts), are ideal.

Two new technologies that will also be introduced with the release of this project: Blockchain Middleware and Cryptlets.

“These technologies will ensure the secure, immutable operation that blockchain provides, at the same time, deliver the business intelligence and reporting capabilities business leaders and regulators demand,” Gray explains. 

Middleware is known as software that easily connects operating systems with applications within a network. With blockchain middleware, companies can easily connect through the cloud using services like identity, operations management, and analytics.

Cryptlets will be additional traction in order to execute the contract. They prevent a security system from collapsing when data is brought in and not included on the blockchain. These new building blocks can be written in any language to secure multiple channels. There are two types of Cryptlets: Utility and Contract.

The vast majority of the blockchain middleware is made up of Utility Cryptlets, where they offer services such as data logging, encryption, and external data access. Each Cryptlet is designed with its own identity and signature that can be used in the cloud while create stronger transactions.

Contract Cryptlets are the representatives to the cloud outside of the ecosystem. These can be executed when in need of tougher security when handling sensitive information since it runs on a separate blockchain.

Though a trial run has been conducted in April, there is no scheduled release or beta in the future. However, more information will be unveiled in next month’s Microsoft Worldwide Partner Conference in Toronto, Canada.

Danielle Meegan

Danielle Meegan is a writer based in Los Angeles, though she is a native of New Hampshire. Danielle has been published in a couple of magazines and newspapers throughout the years covering sports and entertainment. Danielle has dabbled with multiple virtual currency exchanges to understand the ins and outs of trading. As of right now, Danielle has invested in over 15 different virtual currencies, including Ether. Read More
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