Almost every day when you go to a news website, a news program on the radio or news on the TV you can expect to hear some mention of Cryptocurrency and increasingly something about Blockchain.
Blockchain has a strong buzz and yet it is still misunderstood by many. It is an exciting time for technology and blockchain is one of the many reasons why. Blockchain is a public distributed digital ledger. Transactions between parties are processed in an efficient, verifiable and immutable way using cryptography. Transactions are tracked without a central entity such as a bank processing and keeping a record of the transactions. The ledger in a Blockchain is distributed across many nodes in the Blockchain network. Each time a transaction occurs the ledger is reconciled across all the nodes.
The Blockchain you typically hear about is related to some cryptocurrency such as Bitcoin, Litecoin, or Ripple. Blockchain goes way beyond this and is a technology that is being widely explored in use by some enterprises. Here are some examples of Blockchain in use within the enterprise. Microsoft’s Xbox uses Blockchain to deliver royalty statements to game publishers, FedEx uses Blockchain for storing shipping records, and 3M is using Blockchain for a new label-as-a-service concept. The commonality those examples is that they are using Blockchain smart contract technology.
A smart contract is a self-executing contract between two or more parties involved in a transaction. A smart contract holds each party in the transaction responsible without the need for a third-party authority. Smart contracts are essentially code running on top of a blockchain that are digitally facilitated, verified, and auto-enforced under the set of terms laid out within the contract.
Opposite of Blockchain used for cryptocurrency Blockchain used for smart contracts enable more complex scenarios beyond the exchange of digital currency. To illustrate an example of a Blockchain smart contract think about being able to buy and sell cars without a DMV processing the exchange of titles but instead the exchange of the title being verified and transferred digitally.
In today’s fast-moving world of technology, it is important to be able to take your solution from idea to MVP aka 0 to 60 as fast as possible. That is the goal of the Azure Blockchain Workbench (ABW). As shown in the following image with ABW you can literally go from idea>consortium blockchain network>code/use pre-built blockchain app>Blockchain app ready to use in a short amount of time.
When I first started with Blockchain I was able to go from nothing to a fully functional Blockchain app in a couple of hours using ABW. As seen in the previous image ABW is made up of a combination of Azure services and capabilities. The main services include:
An App Service Plan with two web apps and two web APIs
An Application Insights instance
An Event Grid Topic
A couple of Key Vaults
A Service Bus Namespace
A SQL Server with a SQL Databases
A couple of Azure Storage accounts
Two Virtual Machine scale sets that consist of the ledger nodes and workbench microservices
A couple of virtual Network resource groups that contain Load Balancers, Network Security Groups, Public IP Address, and Virtual Network, VNet peering, and Subnets
Other components leveraged by ABW are Azure Active Directory for identity, Azure Monitor (optional), and log analytics workspace for logging (deployed with Azure Monitor), a mobile app for both iOS and Android along with a REST-based gateway service API to integrate to blockchain apps. Workbench provides the infrastructure needed to build and deploy blockchain applications so when you deploy ABW it includes everything you need. As of now ABW only supports Ethereum as its target blockchain. Microsoft has plans to add Hyperledger and Corda Blockchains in the future.
ABW is designed to make it easy for developers to bring Blockchain to the enterprise. ABW is deployed in the Azure Portal via a solution template. You can deploy Ethereum or attach to an existing one. After the Blockchain Workbench is deployed developers have the option to either create a Blockchain app or use one of the Applications and Smart Contract Samples from a repository maintained by Microsoft.
These Blockchain apps consist of a configuration metadata and smart contract. The configuration metadata file is in JSON format and determines the multi-party workflow the smart contract is in a language named Solidity and determines the business logic of the Blockchain application itself. The configuration and smart contract together make up the Blockchain application user experience. The Applications and Smart Contract Samples can be used as is to take Blockchain for a test run or can be modified to fit an organization’s specific need. As an example, some of the information you can modify with the configuration is application name, display name, state, and application roles.
As you can see it is relatively easy to get a Blockchain application up and going. Another real benefit to running a Blockchain application on Azure is the integration points with many of the other services available on Azure. Here are a few examples. ABW writes a copy of the Blockchains on-chain data from the Blockchain distributed ledgers to an off-chain SQL database. Developers can connect to this database to work with the Blockchain data for any number of scenarios one of them could be reporting in Power BI. The Workbench has a REST API, Service Bus, IoT Hub, and Event Grid that could be used for integration with other technology such as IoT devices, other systems, and Azure Streaming Analytics to further expand the possibilities. With the Blockchain workbench developers also have access to one of Azures automation tools called Logic Apps opening the door to a world of further automation scenarios.
There is much more to the Azure Blockchain Workbench then can be covered in a single blog. The main point of this post is to show how a developer can go from 0 to 60 within a short amount of time with minimal effort to stand up the scaffolding needed to support a Blockchain app. For a deeper dive into the Azure Workbench it is recommended to download my Blockchain Beyond Cryptocurrency whitepaper once it is released. Thanks for reading. To get started with the Azure Blockchain Workbench visit this link: https://azure.microsoft.com/en-us/features/blockchain-workbench