Blockchain evolving from simple ledgers, to cryptlets that 
    fetch trusted and agreed-upon external data needed to 
    execute Smart Contracts
                                                                                             Blockchain 3.0
                                                                                            + Cloud Servicing
                                                                                          Multilayer Middleware
                                                   Blockchain 2.0                              + Cryptlets
                                                  + Smart Contracts                               Microsoft 
                                                                                                 Innovation
                                                       Logic Tier
            Blockchain 1.0
          Simple Ledgers that 
          record transactions             Smart Contracts are unable to access external data or events based on time or market conditions. 
                                          Calling code or data outside of a Smart Contract or blockchain breaks the general trust barrier and 
                                          authenticity of transactions. Cryptlets will allow the blockchain to access external data securely, 
                                          while maintaining the integrity of the blockchain.
                                                                                                                       2
                                                  FAIL FAST & CHEAP
            Tenets                                in a development test environment
             of our                               MIX & MATCH 
          Strategy                                from the best available blockchain technologies
                                                  CREATE & INNOVATE 
                                                  by building solutions on blockchain quickly
                                                  SHARE SOLUTIONS 
                                                  through a worldwide distributed platform
                                                  PROVISION 
                                                  with one-click to test & iterate
                                                                                                              3
       Microsoft will execute on its strategy in three steps: 
       Learning from POCs, growing the ecosystem, and 
       building key middleware                                                                                                                                     POCs
                                                                                                                                Banking,         Discrete         Retail &        Healthcare         Governme
                            1 - Build and learn from                                                                             Capital      Manufacturing         CPG                                  nt
                                                                                                                                Markets
                            key customer-driven                                                                         s                     Professional Services & Support
                            POCs built on top various                                                                y  n                        Horizontal SaaS & Adapters
                                                                                                                     r  o
                                                                                                                     t  i
                                                                                                                     s  t              st                     rd                                             rd
                            blockchain technologies                                                                  u  u            1  Party               3         3rd                                  3  
                                                                                             ISVs &                  d  l                                   Part      Par                                 Part
                                                                                                                     n  o                                                                         ….
                                                                                           Customers                 I  S                                    y         ty                                   y
                                                                                                                                                                                                  .
                            2 - Grow the blockchain                                                                  e
                                                                                                                     r      Distributed 
                            marketplace ecosystem                                                                    a
                                                                                       Blockchain                    w         Ledger               Identity &               Crypto                 ML & BI
                                                                                                                     e
                            & artifacts together with our                                                            l        Gateway              Key Services             Services                Services
                                                                                       Marketplac                    d
                                                                                            e                        d        Services
                            partners & customers                                                                     i
                                                                                                                     M
                                                                                                                          CryptoDelegate & Cryptlet architecture (secure containers, attestation, 
                                                                                                                                                                   etc.) 
                                                                                                                                                        Distributed Ledger Stacks
                             3 - Develop key Azure                                                                   m    Smart Contract-based                                                 UTXO + others
                                                                                                                     r
                                                                                           Blockchain                o                   Blockchain Virtual Machine                                Adapters
                             blockchain middleware                                                                   f
                                                                                               Tools                 t
                                                                                                                     a
                             services to ensure the                                                                  l
                                                                                                                     P                                       rd              rd                    rd
                                                                                                                                 st                         3  Party        3  Party DL           3  Party DL 
                                                                                                                               1  Party DL Stack
                             infrastructure is                                                                       e                                     DL stack A        stack B…              stack C…
                                                                                                                     s
                                                                                                                     a
                             enterprise ready                                                                        B
                                                                                                                                                                   Azure          Blockchain Resource Provider
                                                                                                                                                                                                                   4
       1 – Create a tight feedback loop between POCs & MS 
       engineering to enable quick iterations on our offerings
                                                                                          POCs
                                                                 POCs will enable Microsoft to learn 
                                                                 quickly, discover customer needs, and 
                                                                 galvanize our partners…
                                                                                  …influencing BaaS product design and 
                                                                                  long-term value delivery while saving 
                                                                                  rework for everyone
                                                                                   Blockchain Platform
              Engineering
                                                                                    Distributed Ledger Stacks
                                                                                          Azure
                                                                                                                                         5
       2 – Drive partner innovation and scale by providing blockchain tools and 
       pre-configured solutions through our marketplaces  
          Promote engagement and innovation by onboarding ISVs into Azure Marketplace and AppSource
          Enable customers and partners to discover, publish and transact blockchain components and services from 
           smart contracts to complete SaaS offerings
                                                               rd
         Azure Marketplace and AppSource with 3  party solutions, smart contracts, and other 
         blockchain components 
                                                                                                             cryptle
                                                                                                                t
                                                                         cryptlet
                                                                                                                                           6