Microsoft uses 'blockchain': but does it benefit anyone other than Microsoft?

Microsoft uses 'blockchain': but does it benefit anyone other than Microsoft?

Microsoft launches a new version of Ethereum blockchain on its Azure cloud servers. Its consensus model is based on Proof-of-Authority, the governance model that allows the network to be administered by a centralized owner.

That's a corporate solution for those companies that don't want to share their data on a public blockchain. A new blockchain can be deployed in a few clicks, making it an easy option for DLT integration into any business.

Okay, let's agree on this, it's not a blockchain. How is this different from an old good database, if you have it stored somewhere on third party servers, in this case, Microsoft, and has someone who can do practically anything, modify, or even delete it? We can call it corporate databases, but this blockchain thing has gone too far. You can't just slap 'blockchain' on everything.

If a company doesn't want to use a decentralized network it doesn't need blockchain then. The greatest advantage of blockchain is its decentralization and immutability, secured by thousands of miners. It's understandable that Microsoft, being one of the leaders, wants to keep its position, introduces new products, and it doesn't care how its products are called, is it blockchain or not, the most important here is to get companies to use Azure Cloud Servers, that's it. No doubt, someone will use it, just to make a headline 'Company X now uses blockchain'. But does it benefit anyone other than Microsoft?

DISCLAIMER: all the articles are based on personal opinions of their authors and shouldn't be considered as investment recommendations. Finrazor.com neither supports nor opposes any project or strategy, users must consider all relevant risk factors including their own personal financial situation.

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