The Azure Blockchain Service which was launched by Microsoft in May this year is a fully managed ledger service that enables users the ability to grow and operate blockchain networks at scale in Azure, and by providing unified control for both infrastructure management as well as blockchain network governance.
Now, Microsoft has launched the Azure Blockchain Tokens that is developed to deploy and manage standard tokens easier than ever. Apart from that, they also help in transferring, transacting, burning, and minting tokens more securely across counterparties, regardless of ledger choice.
It also provides pre-built templates for common uses and hosts a gallery for templates created by partners, which are expected to be added in the future. According to Azure Blockchain Services, with this latest offering, they can now offer customers an end-to-end experience of easily creating and managing tokens for physical or digital assets via Azure Blockchain Tokens (preview), in addition to managing the blockchain network itself.
CEEK Virtual Reality, a streaming platform for live and recorded virtual and augmented reality experiences, uses Azure Blockchain Tokens to create a trusted platform for royalty payments.
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