Microsoft brings blockchain to business with new framework

August 16, 2017 //By Rich Pell
Microsoft brings blockchain to business with new framework
Microsoft (Redmond, WA) has announced an open source framework designed to advance enterprise adoption of blockchain technology.

The Coco Framework is claimed to reduce the complexity of working with current blockchain protocol technologies. When integrated with blockchain networks, says Microsoft, it addresses critical needs for commercial adoption like high-transaction speed, distributed governance, and confidentiality.

"Blockchain is a transformational technology with the ability to significantly reduce the friction of doing business," says Mark Russinovich, chief technology officer of Azure at Microsoft. "Microsoft is committed to bringing blockchain to the enterprise. Through an innovative combination of advanced algorithms and trusted execution environments, like Intel's Software Guard Extensions (SGX) or Windows Virtual Secure Mode (VSM), we believe this takes the next step toward making blockchain ready for business."

Key benefits of the Coco Framework include transaction speeds of more than 1,600 transactions per second and easily managed data confidentiality without sacrificing performance. In addition, it features a comprehensive distributed governance model for blockchain networks that establishes a network constitution and allows members to vote on all terms and conditions governing the consortium and the blockchain software system.

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