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Ethereum, Enjin and Microsoft release blockchain-based reward program

  • In cooperation with the Enjin (ENJ) project, Microsoft has developed a blockchain-based reward program for Microsoft Azure on the Ethereum blockchain.
  • Members of the Azure community can earn digital collectibles, tokenized badgers, by participating in the open source space of Azure.

As Microsoft’s latest project shows, the world leader continues to rely on Ethereum to develop blockchain solutions. The Ethereum Enterprise Alliance (EEA) member, in collaboration with Ethereum-based Enjin (ENJ), has launched an blockchain-based project.

Microsoft launched the “Azure Heroes” to inspire people to learn, coach and reward contributors to Azure’s open source cloud computing platform. The project aims to reward individuals for verifiable actions such as creating demos, sample code or blogging about Azure.

As a reward, community members can receive digital collectibles, tokenized badgers, from five different categories (Inclusive Leader, Content Hero, Community Hero, Mentor, Maker). The digital collectibles are of different rarity. A “Content Hero”, for example, is only available 250 times, while the “Maker” badger is available 10,000 times.

microsoft ethereum enjin

Source: https://www.microsoft.com/en-ie/azureheroes/

As Microsoft announced, it will offer Azure Heroes in “selected Western European countries”. For this, Microsoft uses the Ethereum Blockchain to enable the output and transactions of the tokenized badgers. The ownership of the digital collector’s item is realized in the form of a non-fungible token (NFT). Accordingly, users need an Ethereum wallet to store the NFT. After receiving the badger in their wallet, the owner can send the token to any public Ethereum address.

In total, Microsoft has created approximately 12,000 non-fungible “digital badger” tokens based on the ERC-1155 Ethereum token standard. According to Microsoft, each season new badgers are to be embossed and distributed in demonstrably limited quantities.

The Microsoft-Enjin (ENJ) partnership

Although Microsoft uses the Ethereum Blockchain to implement the project, the Seattle-based company worked with Enjin to implement the pilot project. The ERC-1155 Ethereum token standard used was originally proposed by Enjin co-founder Witek Radomski.

Microsoft justified its choice for the ERC-1155 standard as follows:

NFT’s are ideal for the minting and issuance of badges which have a unique set of parameters. We chose to use the ERC1155 token which has unique properties which allows its metadata to be modified over time and is the new accepted standard for minting both fungible and non-fungible assets on the public Ethereum platform.

Shortly after Microsoft announced the program, the Enjin (ENJ) price exploded and rose over 48 percent (at the time of writing) to around $0.1001 in the past 24 hours. However, the Ethereum price showed no signs of being impressed by the news and only recorded a small increase of around 1 percent to around USD 149.

Microsoft relies on the blockchain

Microsoft is very active in the field of the blockchain technology. Thus Microsoft has already entered cooperations with NEO, Hyperledger and Truffle. In addition, Microsoft is developing the project ION (Identity Overlay Network), which is a sidetreebased, decentralized identification network based on the Bitcoin blockchain. But most projects are based on the Ethereum blockchain.

As a member of the Ethereum Enterprise Alliance, Microsoft also leads the Token Taxonomy Initiative, the token framework designed to bridge the gap between blockchain developers, industry executives, and legal and regulatory authorities.

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About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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