Marley Gray, director of blockchain business development and strategy at Microsoft, posted an update to GitHub in June 2016 providing an overview of Bletchley. This white paper was published six days after Microsoft's announcement of Project Bletchley on June 15, 2016, and goes on to say that Project Bletchley is a set of tools for supporting SmartContracts on the blockchain, enabling secure access to off-chain information. The project supports open standards for protocol-level implementations of peer-to-peer networking, consensus, database and virtual machines are vital to establish trust within a blockchain ecosystem. Bletchley is a middleware tool set for developers and provides an ecosystem to enable implementing identity, security, cryptography, scale, tooling, management, monitoring and reporting for both on and off the blockchain. What Bletchley offers is performance flexibility for core, kernel and universal protocols.
Microsoft initially launched Azure Blockchain as a Service in November 2015. Since then, Microsoft has been working with businesses and partners to get their feedback on the missing pieces needed before enterprises can and will adopt blockchain applications. On June 15, Microsoft took the wraps off its plan to address some of these issues with what it's calling Project Bletchley. Bletchley is Microsoft's "vision for an open, modular blockchain fabric powered by Azure." But it has uses beyond that.
The importance of the code-breaking operations at Bletchley Park cannot be underestimated. They produced vital intelligence that played a huge part in swinging the war in the Allies' favour. As Winston Churchill said at the time, the Bletchley staff were'the geese that laid the golden eggs and never cackled'. When scouring the land for the government's secret Code and Cypher School, which obtained signals intelligence by breaking high-level encrypted enemy communications, the Bletchley Park recruiters left no stone unturned Intelligence from Bletchley played a vital part in the defeat of the U-boats in the six-year Battle of the Atlantic, British naval triumphs in the Battle of Cape Matapan in 1941 and the Battle of North Cape off the coast of Norway in 1943. By 1944 British and American commanders knew the location of 58 out of 60 German divisions across the Western Front.
Eliminate the middleware tier and directly communicate with back-end APIs for better security, lower cost, and greater speed. High volume web sites that offload scale to the frontend using techniques like leveraging edge caching with a partner content delivery network (CDN) see many benefits, including better performance and a much simpler, more resilient, and potentially cheaper infrastructure to maintain. But one of the main questions I get when talking about this philosophy with folks is: What about security? How do you securely handle things like authorization to APIs or prevent eavesdropping and altering of data transmission when your application mainly lives on the client-side? It's easy to think that a mostly client-side site can't be secure.
British payments services firm Caxton will use Microsoft's cloud platform to offer faster, cheaper and more secure banking via blockchain technology. The private blockchain system will run on Azure and give users direct access to preferential banking rates, while cutting their service costs. The move will be particularly beneficial for e-commerce businesses looking to make payments in multiple currencies, app developers who need a regulated partner to handle transactions or banks that needs a simple, multicurrency platform. Russell Stather, Chief Technology Officer (CTO) at Caxton, said: "This offer will be particularly exciting for our client's CTOs. This technology strips out the need for an API [application-programming interface], meaning everything is under their control.