Quickly- Microsoft simplifies blockchain
With
a rise in the adoption of Blockchain technology, Microsoft on Wednesday
announced ‘Coco Framework’, a first-of-its-kind innovation that aims to improve
performance, confidentiality and governance of enterprises. Current blockchain
protocol technology requires complicated development techniques to meet the
operational and security needs of enterprises. The new framework reduces this
complexity, the company said in a statement. The Silicon Valley giant will
launch the framework on internet hosting service GitHub in 2018 as an open
source project. When it is integrated with popular blockchain protocols, it
addresses critical needs, including high transaction speed (faster by roughly
100 times), distributed governance (network constitution for members to vote)
and confidentiality. Microsoft was earlier selected as the exclusive cloud
partner by BankChain.
Source |The
Hindu Business Line | 17 Aug 2017
Regards
Pralhad
Jadhav
Senior Manager @
Knowledge Repository
Khaitan
& Co
Upcoming Conference | National Conference on Transforming Libraries into
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