Microsoft unveils Coco Framework, aimed at boosting blockchain

Intel, Microsoft to bring blockchain service to the enterprise

While providing sturdy security for the blockchain, the Xeon processors are also expected to boost the performance of the new technology.

Microsoft is committed to bringing blockchain to the enterprise-and is working with customers, partners, and the blockchain community to continue advancing its enterprise readiness.

The technology can be used for everything from simple file sharing to complex global payment processing and has the potential to transform the way companies operate. This is because existing systems were created to function-and to achieve consensus-in public scenarios amongst anonymous, untrusted actors with maximum transparency. Current blockchain protocol technology requires complicated development techniques to meet the operational and security needs of enterprises.

Microsoft Corp. today announced the release of Coco Framework, an open-source system for building large scale, confidential blockchain networks that meet enterprise standards. "Through the TEE, each node controls the encrypted data coming in and out for different transactions, smart contract agreements, and data exchanges between distributed applications (DApps) built on the blockchain".

Enterprises may not worry about confidentiality as well (even given the public character of a ledger), as Coco adds a confidentiality layer on top of any of it.

Also, Coco Framework, when integrated with blockchain networks, addresses high-transaction speeds. The framework is also designed to allow enterprise developers to create business-specific confidentiality models that take into account multiple assets, partners, viewers and transaction models.

A 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.

Support for non-deterministic transactions.

Coco, itself, isn't a ledger.

We have already begun exploring Coco's potential across a variety of industries, including retail, supply chain and financial services.

The Coco Framework needs a trusted execution environment because it relies on shared trust between machines running modified blockchain software in order to avoid the need for transaction verification.

It will be available both on-premises and in the cloud.

By design, Coco is open and compatible with any blockchain protocol. Initial Coco Framework implementations will include R3 Corda, Intel Hyperledger Sawtooth, J.P. Morgan Quorum, and Ethereum. This is just the beginning, and we look forward to exploring integration opportunities with other ledgers in the near future.

CoCo will be ready and made open source by 2018. "Intel is committed to accelerating the value of blockchains powered by Azure on Intel hardware, by improving the scalability, privacy and security of the solutions based on our technologies".

The CoCo platform is aiming to solve these issues through the introduction of a trusted execution environment (TEE) and advanced algorithms.

Related News:

  • Kenya opposition calls election a 'charade'

    Kenya opposition calls election a 'charade'

    The announcement sparked off protests by Odinga's supporters in some parts of the country and consequently clashes with police. The election is a test of the stability that has made the East African nation of 44 million people a regional economic power.
    SoundCloud Gets Emergency Funding to Stay in Business

    SoundCloud Gets Emergency Funding to Stay in Business

    SoundCloud lavishly spent money on offices around the world while its CEO galavanted at music festivals like a rock star. SoundCloud has been an essential music platform for both independent and major artists.
    It looks like Multiplayer Might Finally Come to No Man's Sky

    It looks like Multiplayer Might Finally Come to No Man's Sky

    At some point in the future, we'll see synchronous co-op within No Man's Sky , and this is the first step toward that. Players can build their standing with numerous NPC guilds and unlock more hard , more rewarding missions.
  • Backed SDF have cleared ISIS of more than half of Raqqa, Syria

    Backed SDF have cleared ISIS of more than half of Raqqa, Syria

    The attack is the latest in a series of airstrikes carried out by the US-led coalition that also inflict casualties on civilians. She said however that the 2017 returns were less than the number of displaced this year: almost 809,000.
    West Ham bid €27m for Juve, Arsenal target

    West Ham bid €27m for Juve, Arsenal target

    The Hammers are preparing a club record £25million bid for the Sporting Lisbon star, who helped Portugal win Euro 2016 a year ago .
    Trump Admin Urged Not To Bail On Iran Nuclear Deal

    Trump Admin Urged Not To Bail On Iran Nuclear Deal

    North Korea's nuclear and missile technology will inevitably migrate from the Democratic People's Republic of Korea to the Iran. Johnson is a senior fellow with the news and public policy group Haym Salomon Center and D.C. bureau chief for PJ Media.
  • Arsenal vs Leicester City

    Arsenal vs Leicester City

    They're top-level players, they want to go to the World Cup, but he'll get a number of games here, and he'll fight with Petr Cech. Leicester City have had a busy transfer window so far, with Kelechi Iheanacho their biggest signing.
    Eagles trade Jordan Matthews, pick to Bills for CB

    Eagles trade Jordan Matthews, pick to Bills for CB

    Matthews is dealt to Buffalo just moments after news surfaced that the Bills traded top wideout Sammy Watkins to the Rams. He has made 29 career starts during his two seasons, collecting 61 tackles as a rookie and 60 last season.
    EnLink Midstream Partners, LP (ENLK) Stake Held by Cedar Wealth Management LLC

    EnLink Midstream Partners, LP (ENLK) Stake Held by Cedar Wealth Management LLC

    Going back to the beginning of the calendar year, company shares are -11.62%. 81 funds opened positions while 113 raised stakes. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has "Hold" rating given on Sunday, July 23 by RBC Capital Markets.
  • Russia says bellicose rhetoric on North Korea is 'over the top'

    Russia says bellicose rhetoric on North Korea is 'over the top'

    North Korea's military said Wednesday it was considering a missile attack near the U.S. island territory of Guam after President Donald Trump threatened Pyongyang with " fire and fury ".
    Adam Forshaw set to replace departed Marten de Roon for Middlesbrough

    Adam Forshaw set to replace departed Marten de Roon for Middlesbrough

    Baker started out his career with Luton before joining Chelsea in 2005. "I'm here to give my input and hopefully get the club back to the Premier League".
    Sonia Gandhi calls opposition meet for joint action

    Sonia Gandhi calls opposition meet for joint action

    According to sources, the opposition leaders will meet in parliament library to work out an effective strategy to take on the Centre when the Monsoon Session ends.


Most liked

Sonic Mania for PC delayed to August 29
Since the 90's, Sonic has advanced from the 2D world into 3D, and has crossed multiple platforms along the way. What's really interesting is that the PC Collector's Edition of Sonic Mania will still ship out on August 15th.

Global effort on North Korea gets Beijing boost
Such concerns were on display Sunday in a dizzying display of fast-paced diplomacy spanning multiple continents. Mr Tillerson has no plans to sit down with North Korean foreign minister Ri Yong Ho at the event.

North Korea risks 'destruction of its people', says defence secretary Mattis
President Trump has made revamping USA missile defense systems a top objective for the Pentagon since taking office. North Korea on Thursday announced a detailed plan to launch a volley of ballistic missiles toward the U.S.

#EndorseThis: Bill Hader Returns To SNL As 'The Mooch'
Che replies: "I gotta admit, we did hope that you would stick around a little bit longer". Hader, who left SNL in 2013, continues as The Mooch.

5 deaths associated with gastric-bypass procedure spur FDA warning
In the treatment, a silicone balloon is inserted via the patient's throat into their stomach, then filled with a saline solution. And in three of those reports, death occurred as soon as one to three days after the balloon was placed, the agency notes.

Hatred for LGBTQ? Trump calls transgender ban 'great favour' to USA military
The former businessman was sworn in August 3, a little more than a week after Trump declared the ban via Twitter . His announcement was followed by a lawsuit from two gay rights groups to halt the proposed ban.

Part of Exeter Hospital evacuated over odor; 20 people treated
About 20 people evacuated from the hospital were being medically evaluated, the spokesperson told WMUR. Aerial images show several hospital beds with patients in a roped off area outside the hospital.

Canadian teen stuns Rafael Nadal at Rogers Cup, reaches quarterfinals
She will face the victor between France's Caroline Garcia and American qualifier Varvara Lepchenko in the third round. Therefore, Federer, who managed 12 aces, has started to serve better and to threaten the service of his rival.

Slater: Manchester duo poised to challenge Chelsea for title
One of their 15 draws came last season but was at Turf Moor, which also witnessed 10 of their 11 league wins for the season. Conte referenced the last time Chelsea defended the league title. 'Matic knows very well what I think about him.

Man charged for throwing rifle into water used in deadly shooting
An officer walked to the edge of the water near NW 300th Road and NW 131st Road and spotted the stock of a weapon under water. Police say Officer Michael shot and injured McCarthy during their exchange of gunfire that ultimately killed Michael.

Britney Spears concert descends into chaos after man invades stage
The concert kicked off Britney's next residency stint and before the show, she tweeted, "Feels so good to be back in Vegas!" Reports suggested that he had been acting erratically throughout the gig and jumped on stage when he was asked to leave.

Why Conte could walk out of Chelsea this season
The German could well be handed a Premier League debut on Saturday if Conte's training session on Thursday is anything to go by. Neville feels that the sale of Matic to United could end up costing Chelsea in their quest to retain the title.

New video offers closer look at "copper gold iPhone 8" dummy
Will there be a small, soft-touch button at the bottom of the display like in Android devices or will be see some other solution? The reason behind this delay has been said to be the issues regarding implementation of the fingerprint scanner on the iPhone 8 .

In the Antarctic found a unusual discovery
Conservators from the Trust have been working on restoring and documenting nearly 1500 artifacts from the Cape for the past year. The Terra Nova expedition was primarily scientific, but Scott also wanted to be the first person to reach the South Pole.

Cowboys running back Ezekiel Elliott expected to be suspended
Rapoport said some form of discipline is expected, and while six games is the benchmark, he could be suspended for fewer. According to NFL Media's Ian Rapoport , a ruling on whether Elliott will be suspended could come as early as Friday.