Microsoft unveils Coco Framework, aimed at boosting blockchain
Microsoft unveils Coco Framework, aimed at boosting blockchain
Intel, Microsoft to bring blockchain service to the enterprise
13 August, 2017, 14:21
Microsoft's open source Coco Framework helps businesses build more confidential and scalable blockchain tools and services.
The company said on Thursday that it had developed a system called Coco Framework, which connects to different blockchain networks to solve some of the issues that have slowed down their adoption, including speed and privacy concerns.
"Being able to run our existing supply chain Dapp code much faster within Coco framework is a great performance improvement that will reduce friction when we talk about enterprise Blockchain readiness with our retail customers".
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. The company now supports various blockchain efforts including Ethereum and the Linux Foundation'sHyperledger project.
How a blockchain (formerly block chain) works - in the simplest terms - is that there are basically several ledgers that are being kept up to date across the world. It will be fully open-source, and the company will work with customers and partners, including those in the technical blockchain community, to advance the project.
And as far as the Linux Foundation's Hyperledger project, there are five named sub-projects within Hyperledger: Fabric, Sawtooth, Indy, Iroha, and Burrow.
The Coco Framework, short for "confidential consortium", is blockchain protocol-agnostic and is compatible with most current blockchains and is created to extend their capabilities by adding key enterprise needs. Intel SGX creates 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.
A Microsoft spokesperson said in an email to SDxCentral, "Think of a TEE as a trusted black box for data".
"Coco presents an alternative approach to ledger construction", said Mark Russinovich, chief technology officer at Microsoft Azure (pictured), "giving enterprises the scalability, distributed governance and enhanced confidentiality they need without sacrificing the inherent security and immutability they expect".
One of the other key enterprise blockchain problems that the framework aims to solve is that of access controls for transactions. With Coco, nodes are declared and controlled, and standard blockchain protocols are used alongside trusted execution environments, cryptography, and distributed systems, the post said.
Microsoft is now testing the Coco Framework with its partners R3, Intel, J.P. Morgan, and Ethereum.
Microsoft noted that a white paper and a technical demo is now available for those who are interested and that it will officially be launched at GitHub 2018.
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