Microsoft Azure – The remote server returned an error: (407) Proxy Authentication Required

I was trying to upload a file to azure blob from an MVC application, which is running in my local emulator.
Then i got a proxy authentication issue.

To solve this, go to your web.config and add this (In windows application add this in app.config)

 <system.net>
    <defaultProxy useDefaultCredentials="true">
      <proxy bypassonlocal="True" usesystemdefault="True"/>
    </defaultProxy>
  </system.net>