Microsoft introduces the Coco Framework, making blockchain ‘ready for business’

Aug 10, 2017   |   Bill Briggs

The Coco Framework, a pioneering innovation announced Thursday by Microsoft, addresses needs for transaction speed, distributed governance and data confidentiality – ultimately advancing commercial adoption of blockchain technology.

By providing these capabilities, the Coco Framework opens up complex, real-world blockchain scenarios across sectors like financial services, supply chain and logistics, healthcare and retail, cementing blockchain’s potential to digitally transform business.

“Blockchain is a transformational technology with the ability to significantly reduce the friction of doing business,” says Mark Russinovich, chief technology officer of Microsoft Azure.

“We have listened to the needs of our customers and the blockchain community and are bringing foundational functionality with the Coco Framework. Through an innovative combination of advanced algorithms and trusted execution environments (TEEs), like Intel’s Software Guard Extensions (SGX) or Windows Virtual Secure Mode (VSM), we believe this takes the next step toward making blockchain ready for business.”

To learn more about the Coco Framework, visit the Microsoft Azure Blog.

Bill Briggs
Microsoft News Center Staff

 

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