Microsoft at work on system to boost blockchain security, performance

Microsoft Corp. is working on a technology to improve the speed and privacy of blockchain systems. This technology, the "Coco Framework," will connect to various blockchain networks, according to a press release.

The framework will be available for either cloud once implemented, the framework will offer speeds of more than 1,600 transactions per second in addition to data confidentiality. It will also supply a governance model for blockchain networks that will allow members to vote on the terms and conditions that regulate the system.

The solution will be operable either in the cloud or locally and will work any operating system.

"We are thrilled to work with Microsoft to bring blockchain to the enterprise," said Rick Echevarria, Intel vice president of software and services and general manager of platforms security, said in the release. "Our mutual customers are excited by the potential of blockchain. 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."

Microsoft plans to launch the Coco Framework in 2018 as an open source project.

Topics: Blockchain, Payment Networks / Payment Processors, Software

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