Thursday, August 17, 2017

Quickly - Microsoft simplifies blockchain



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

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Pralhad Jadhav  

Senior Manager @ Knowledge Repository  
Khaitan & Co 

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