Microsoft Azure has just released a Blockchain-as-a-Service product that uses Ethereum to support blockchain with a set of templates to deploy and configure your choice of blockchain network. This can be done with minimal Azure and blockchain knowledge. The conventional blockchain in the open is based on Proof-of-Work (PoW) and requires mining as the parties do not trust each other. An enterprise blockchain does not require PoW but is based on Proof-of-Authority (PoA) where approved identities or validators on a blockchain, validate the transactions on the blockchain. The PoA product features a decentralized application (DApp) called the Governance DApp. Blockchains in this new model can be deployed in 5-45 minutes depending on the size and complexity of the network. The PoA network comes with security features such as identity leasing system to ensure no two nodes carry the same identity. There are also other features to achieve good performance.

Full report : Microsoft Azure’s new governance DApp: An enterprise blockchain without mining.