Microsoft introduces Coco Framework, makes blockchain networks enterprise ready

Intel, Microsoft to bring blockchain service to the enterprise

Tom Krazit, GeekWire's cloud and enterprise editor, said Coco Framework "aims to help companies use blockchain ledger technologies to facilitate transactions between customers, suppliers, or anyone with whom they do business". Providing these foundational capabilities, Coco Framework opens up more complex, real-world blockchain scenarios across industries - like financial services, supply chain and logistics, healthcare and retail - further proving blockchain's potential to digitally transform business.

Network policy management through distributed governance. The Coco Framework reduces this complexity, and when integrated with blockchain networks addresses critical needs for commercial adoption like high-transaction speed, distributed governance and confidentiality. The company now supports various blockchain efforts including Ethereum and the Linux Foundation's Hyperledger project.

"To start with a general framework is a step in the right direction for the advertising industry", said Ken Brook, CEO at MetaX, which is building out technology to run on top of the Ethereum blockchain specific for digital advertising. Microsoft has already begun integrating Ethereum into Coco and we're thrilled to announce that J.P. Morgan Chase, Intel and R3 have committed to integrating enterprise ledgers, Quorum, Hyperledger Sawtooth and Corda, respectively.

R3 is a software firm that developed Corda, which is a distributed ledger platform designed specifically for financial services.

According to Intel, its Software Guard Extensions (SGX) is hardware-based security technology that provides a trusted execution environment by isolating key portions of a blockchain program.

Severe thunderstorm watch Friday for Waterloo region, Wellington county
However, sunny breaks and warmer temperatures a little later this afternoon should add fuel to any thunderstorms that develop. The shelters have been opened in response to severe storms moving into the area from the northwest, a news release states.

The technology consists of a set of CPU instructions and platform enhancements that create private areas in the CPU and memory that can protect code and data during execution.

Industry enthusiasm for blockchain is growing, and while it will still take time for blockchain to achieve enterprise assurance, we remain laser focused on accelerating its development and enterprise adoption in partnership with the community.

This means every participant in the blockchain network would execute all transactions added to it, making them visible to everyone with no confidentiality and unsuitable for enterprise use. In a member consortium blockchain network, member identities and nodes are known and controlled, and it becomes a controlled IT environment.

Mark Russinovich, chief technology officer for Microsoft Azure, did the introductions in the video and he provided the quick-stick explanation of what this is all about: "The foundation of blockchain for business".

Microsoft is now testing the Coco Framework with its partners R3, Intel, J.P. Morgan, and Ethereum. American Banker said Coco stands for confidential consortium, and it will be posted to Github as an open source project in early 2018.

Related News:



Most liked

His White House tenure short but Scaramucci lives on in SNL
In related news, the actual Scaramucci will reportedly be on The Late Show with Stephen Colbert this coming Monday. America clearly can't get enough of Scaramucci, and thankfully, the Mooch is indulging us.

Spike In Rates At Trump DC Hotel Helped Reverse Expected Losses
The president did not sell his stake in the hotel or other properties, raising concerns that he could profit off the presidency. The Trump Organization declined to comment about the financial reports - saying only that it was proud of the hotel's success.

LONDON MARKET EARLY CALL: North Korea Tensions Set To Weigh On Stocks
The UK blue-chip index closed 113 points, or 1.5%, lower at 7,385, steadily losing ground as the trading session wore on. The pound was down 0.09% against the euro at 1.1049 and down nearly 0.2% on the dollar at 1.2978.

Man Rushes Britney Spears' Stage In Las Vegas
Chaos struck a Britney Spears concert in Las Vegas after a man invaded the stage leaving the singer visibly concerned. As she turned around, Spears realized that something was wrong and paused her performance of "Crazy".

Guardiola forecasts end to City spending spree
The manager said he is building for the future and has since signed goalkeeper Ederson , Bernardo Silva , Kyle Walker and Danilo . We are here to win the games and titles. "The big fail now takes one week in football!" I will do my best like I did last season.

Bills trade Watkins and Darby, acquire Jordan Matthews, EJ Gaines
The Rams also gave up a second-round pick in the 2018 draft and acquired a sixth-round pick in the 2018 draft in the deal. Watkins never lived up to the lofty expectations placed on him after the Bills spent two first-round picks to get him.

Eagles Trade Jordan Matthews, Draft Pick to Bills for CB Ronald Darby
Matthews is dealt to Buffalo just moments after news surfaced that the Bills traded top wideout Sammy Watkins to the Rams. Matthews is arguably the greatest receiver in Vanderbilt history while Gaines played his college career at Mizzou.

Wenger Expects Lacazette Big Impact As Ibrahimovic For Man United
Arsenal legend Ian Wright expects Sanchez to remain at the club for one more season before leaving on a free transfer next summer. But if you also get into watching countries play, then you have a whole another set of games to watch all year around.

Apple to make iPhone 8 screen bigger than iPhone 7
Sticking with the back side of the device; you can see the different alignment for the dual camera sensors. Almost all the leaks and renders we've seen of the iPhone 8 have had a black bezel and notch .

Nadal upset by Canadian teenager in Montreal
Rafael Nadal has exited at the third round at the Rogers Cup in Montreal after losing to Canadian 18 year old Denis Shapovalov . The talented German claimed a 6-4 6-3 win over Kyrgios, who was hampered by his troublesome hip throughout.

De Roon makes Atalanta return from Middlesbrough
Middlesbrough have beaten a host of clubs such as Reading, Birmingham City and Aston Villa to sign Baker. If Baker was to move to Boro he would be another notable addition for Garry Monk's side.

Premier League preview: Can Chelsea retain their crown?
The fact that the Serbian was sold was not the confusing bit, but that he was sold to Manchester United caused some discussion. Chelsea have struggled more than many of their rivals to navigate what Conte this week described as a "crazy transfer market".

Shareholders Voting On Soundcloud Rescue Deal
CEO Alexander Ljung suggests, according to Axios , that the company would not be able "to continue as a going concern". Ljung didn't say how much the company had raised, but said it was the biggest in the company's history.

Netflix, Inc. (NASDAQ:NFLX) Insider Watch on The Stock
The value of the total investment in Netflix, Inc. went from $135,098,000 to $128,296,000 decreasing 5.0% quarter to quarter. FBR & Co restated a hold rating and set a $144.00 price objective on shares of Netflix in a report on Tuesday, April 11th.

Fruitcake, anyone? This 100-year-old treat is still fresh and yum!
The Terra Nova expedition was primarily scientific, but Scott also wanted to be the first person to reach the South Pole. Unfortunately, upon arrival, they discovered that Roald Amundsen's Norwegian team had beaten them to it by 34 days.