Notebookcheck

Microsoft is making it easier for enterprise to integrate block chain technology

Infographic showing how the blockchain works with cryptocurrencies. (Source: Oxfam/Financial Times)
Infographic showing how the blockchain works with cryptocurrencies. (Source: Oxfam/Financial Times)
Microsoft has announced their 'Coco Framework' which will officially be released as an open-source project on GitHub in 2018. The Coco Framework is intended to help make blockchain technology a viable and secure option for industries to use to share and verify records and transactions.
Craig Ward,
Business Security

A 'blockchain' is the name for a collection of cryptographic data being used to store information securely in a decentralized and verifiable manner. It is the technology that cryptocurrencies such as Bitcoin use in processing transactions. More recently, Sony has also been making progress in adapting blockchain technology to allow educational institutions around the world to store student records securely, allowing easy and secure sharing of those records between schools without risk of the student doctoring the results.

Because the blockchain can be decentralized while still being secure — it relies on multiple copies in different locations which ensure that individual records don't become outdated — Microsoft believes that it will be well suited to the medical, banking, and retail industries. For this reason, they have developed their new 'Coco Framework,' which will be open-sourced on GitHub in 2018 where Microsoft hopes that it will evolve into an enterprise ready product which can handle confidential information but still allows more than 1,600 transactions per second.

The Azure blog is hosting a white paper and technical demo for those who are interested in learning more.

Source(s)

static version load dynamic
Loading Comments
Comment on this article
UMIDIGI S2 Pro announced - Images r...
Huawei Honor 9 now available in Rob...
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 08 > Microsoft is making it easier for enterprise to integrate block chain technology
Craig Ward, 2017-08-12 (Update: 2017-08-12)
Craig Ward
Craig Ward - News Editor
I grew up in a family surrounded by technology, starting with my father loading up games for me on a Commodore 64, and later on a 486. In the late 90's and early 00's I started learning how to tinker with Windows, while also playing around with Linux distributions, both of which gave me an interest for learning how to make software do what you want it to do, and modifying settings that aren't normally user accessible. After this I started building my own computers, and tearing laptops apart, which gave me an insight into hardware and how it works in a complete system. Now keeping up with the latest in hardware and software news is a passion of mine.