Microsoft's CoCo Framework Aims to Speed Up Blockchain Adoption

Microsoft's CoCo Framework Aims to Speed Up Blockchain Adoption

Blockchain will undoubtedly become a big part of Microsoft's cloud computing offerings in coming years, which could help grow the company's market share in the rapidly growing industry. We have listened to the needs of our customers and the blockchain community and are bringing foundational functionality with the Coco Framework. This is because existing systems were created to function-and to achieve consensus-in public scenarios amongst anonymous, untrusted actors with maximum transparency.

Existing blockchain protocols also employ computationally intensive consensus algorithms, leading to poor scalability, with performance as slow as 10 to 20 transactions per second.

Microsoft, Intel and other blockchain technology leaders will build a new enterprise-targeted blockchain framework - called the Coco Framework - that integrates Intel Software Guard Extensions (Intel SGX) to deliver improved transaction speed, scale and data confidentiality to enterprises. Current blockchain protocol technology requires complicated development techniques to meet the operational and security needs of enterprises. The issues include mainly throughput, latency, governance and confidentiality.

Network policy management through distributed governance.

The focus on those three key features arose from conversations with enterprises about what they needed in order to implement blockchain technology, according to Mark Russinovich, CTO of Microsoft Azure.

Gold logs best daily gain in 3 months on heightened geopolitical tensions
Earlier, the dollar slipped as low as 108.91 yen, its weakest level since June 14, when the greenback fell as low as 108.81 yen. Air Force B-1B Lancer bombers and two Japanese F-2 jet fighters, Japan's Air Self Defence Force (ASDF) said in a news release.

Integrated with a blockchain network, the Coco Framework promises performance of more than 1600 transactions per second while maintaining data confidentiality and providing a distributed governance model for running the consortium. "Adding data confidentiality support without sacrificing this improvement is what will enable us to lead the digital transformation we are envisioning with Smart Supply Chains." . For example, an enterprise that wants to use a blockchain to manage its relationships with suppliers might want one or two companies to be able to view all the transactions on a network while limiting other participants to viewing a subset of those deals.

Microsoft will release Coco as open source on Github next year, and has started work on integrating the Ethereum cryptocurrency into the framework.

"Microsoft's Coco Framework represents a breakthrough in achieving highly scalable, confidential, permissioned Ethereum or other blockchain networks that will be an important construct in the emerging world of variously interconnected blockchain systems".

Coco will be compatible, by design, with any ledger protocol and can operate in the cloud and on premises, on any operating system and hypervisor that supports a compatible TEE. Opening up Coco is a way to scale development far beyond the reach and imagination of our initial working group, and our intent is to contribute the source code to the community in early 2018. In addition, Coco uses distributed systems cryptography to enhance security and privacy for ledger entries in an enterprise environment.

Related Articles

  • The Premier League returns with Arsenal vs. Leicester City

    The Premier League returns with Arsenal vs. Leicester City

    Come February though, it will be different, as it is every year, much like for Phil Connors in Groundhog Day . Conte and Chelsea set the highest standard of all last season and the Italian did it from a standing start.
    Year 2 in Manchester: More Expectation, Spending for Mourinho's United, Guardiola's City

    Year 2 in Manchester: More Expectation, Spending for Mourinho's United, Guardiola's City

    Midfielders Danny Drinkwater and Vincente Iborra will both be missing having picked up thigh and groin injuries respectively. This was after they had acquired the signatures of Tiemoue Bakayoko, Alvaro Morata and Antonio Rudiger.
    Trump throws his own North Korea strategy a curve

    Trump throws his own North Korea strategy a curve

    North Korea's state run news agency said that nation's government is "seriously reviewing" a plan to strike Guam , a U.S. The Late Show host then mentioned how North Korea threatened the US territory of Guam in reaction to Trump's comments.
  • Arsenal lose Alexis Sanchez but not for good

    Arsenal lose Alexis Sanchez but not for good

    While there are doubts surrounding the fitness of Islam Slimani, Robert Huth, Kelechi Iheanacho and Danny Drinkwater. Defender Robert Huth is recovering from ankle surgery and is set to be replaced by summer signing Harry Maguire .
    Hearthstone's Knights Of The Frozen Throne Expansion Is Now Live

    Hearthstone's Knights Of The Frozen Throne Expansion Is Now Live

    In a recent statement, Blizzard Entertainment confirmed that the upcoming game expansion will go live on Thursday, Aug. 10. But the highlight of the upcoming game pack is no less than the new solo missions that can be accessed for free.
    Google Play Protect unifies and rebrands Android's security features

    Google Play Protect unifies and rebrands Android's security features

    There are four categories at the top: Shows, Music, Learning and Explore, or if you've enabled it you can search for a show. If you want to disable scanning, you can toggle on/off scanning, as well as, sending of unknown apps to Google .
  • Ravi K makes statement in parliament, likely to resign

    Ravi K makes statement in parliament, likely to resign

    President Maithripala Sirisena, who came into power promising to end corruption, has been under pressure to act against Karunanayake.
    (NYSE:LYV) Chalking Up Volume in Session

    (NYSE:LYV) Chalking Up Volume in Session

    In other news, CFO Elizabeth Kathleen Willard sold 20,000 shares of the business's stock in a transaction dated Tuesday, June 6th. Following the completion of the transaction, the director now owns 23,450 shares in the company, valued at $839,979.
    Cleveland Indians vs. Colorado Rockies

    Cleveland Indians vs. Colorado Rockies

    But he pitched well after almost beaning Encarnacion on a fastball that got away from him, recording a 1-2-3 inning in the 10th. Bumgarner (2-5) struck out seven, walked one and gave up five hits - including a third-inning home run by Albert Almora Jr.
  • Craig Hallum Reaffirms "Buy" Rating for Lumentum Holdings Inc. (NASDAQ:LITE)

    Raymond James Financial, Inc. restated a buy rating on shares of Lumentum Holdings in a report on Tuesday, April 25th. Moody Aldrich Partners LLC's holdings in Lumentum Holdings were worth $356,000 as of its most recent SEC filing.
    Trump thinks he should have been even harder on North Korea

    Trump thinks he should have been even harder on North Korea

    President Trump's proposed budget, unveiled in March, promises a $1.4 billion budget increase for the National Nuclear Security. And as I said, they will be met with fire, fury and, frankly, power, the likes of which this world has never seen before .
    Deal Close - €30million Star to Sign for Manchester United

    Deal Close - €30million Star to Sign for Manchester United

    Chelsea are interested in signing Serge Aurier from Paris Saint-Germain this summer, according to Kaveh Solhekol. Blues boss Antonio Conte is eager to sign a new full-back this summer and has added Aurier to his wish-list.