Ethereum went up in price following the news stating that Microsoft had presented developer toolkit for creation of Ethereum-based apps. At the moment of writing, 1 ETH costs $1.2.
Thanks to the corporation’s partnership with ConsenSys, business customers of Mircosoft-owned cloud service Azure may access the Ethereum system named Blockchain-as-a-Service, which is expected to be announced at Ethereum’s DEVCON1 in London.
Integration of the cryptoplatform will allow Microsoft customers to create private and public blockchains, as well as using Ethereum’s public nodes with a single click at Azure.
IBM, ETHEREUM, AND SMART CONTRACTS
Developer toolkit issuance for Microsoft Azure is yet another step towards mass adoption of cryptotechnologies. One might reasonably assume that IBM is the next in line to use Ethereum products; it already operates IBM Bluemix, and hatches some ambitious plans regarding smart contracts.
Bluemix is a cloud platform for development and management of applications. If combined with cryptotechnologies and smart contracts, it could serve as a perfect base for establishment of decentralized autonomous entities.
The aforementioned assumption aligns with IBM’s latest statements. This September, the company declared it was going to launch an open source platform for work with smart contracts. This year dozens of the company’s scientists were engaged in development of a proprietary blockchain-based technology to maintain security for smart contracts.
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