Blockchain is the technology that underpins the cryptocurrency Bitcoin. But it has uses beyond that. A blockchain is a shared, distributed ledger that can store the complete transaction history of not just cryptocurrency but other kinds of records. As such, it's of interest to many enterprises, especially those in banking and finance.
"At a high level, the template provisions and configures a subnet of mining nodes for each consortium member and a set of load-balanced transaction nodes that members can share to communicate with the network. Through the administrator web page, you can configure additional Ethereum accounts to get started with smart contract and eventually application development," explained company officials in a Sept. 20 blog post.
"Cryptlets" are a key building block of Bletchley. Bletchley's Cryptlet Fabric is comprised of Cryptlets and provide developers with the ability to integrate with existing systems, provide secure execution, and deliver data privacy, Microsoft officials explained in a blog post on Bletchley v.1.