Hello Manu:
I came across MS Link and it make sense.
https://learn.microsoft.com/en-us/cli/azure/ml/datastore?view=azure-cli-latest
When you create a workspace, an Azure Storage account is automatically created as an associated resource. A blob container is created in this account, and its connection information is stored as a datastore named 'workspaceblobstore'. This serves as the workspace's default datastore, and the blob container is used to store your workspace artifacts and machine learning job logs and outputs.
So this is what I experienced as mention above.
Thanks