Microsoft Launches Coco Framework for Enterprise-grade Blockchain Solutions

Coco Framework

"As enterprises look to apply blockchain technology to meet their business needs, they've come to realize that many existing blockchain protocols fail to meet key enterprise requirements such as performance, confidentiality, governance, and required processing power".

Microsoft has announced that it is working with Intel and other blockchain leaders on a new framework geared towards bringing the technology to the enterprise.

A distributed governance model for blockchain networks that establishes a network constitution and allows members to vote on all terms and conditions governing the consortium and the blockchain software system. Called the Coco Framework, it's aimed at solving some of the major issues companies run into when deploying blockchain tech.

Modifying a piece of blockchain software to work with the Coco Framework isn't a trivial exercise, but it's also not absurdly complicated. And Microsoft has added J.P. Morgan's open source Quorum blockchain software to the Azure Marketplace. To meet these demands blockchain providers have created platforms such as IBM Corp.'s Hyperledger Project, PricewaterhouseCooper's Vulcan and R3CEV LLC's Corda.

And as far as the Linux Foundation's Hyperledger project, there are five named sub-projects within Hyperledger: Fabric, Sawtooth, Indy, Iroha, and Burrow. To do this, Coco takes advantage of trusted execution environments such as Intel SGX - a processor-level instruction set allowing for permissioned memory use - and Windows Virtual Secure Mode.

Specifically Intel is bringing its SGX hardware-based security technology on board to help achieve the targeted goals of confidentiality and protection.

The accelerated throughput is achieved by isolating the transaction verification process to speed network consensus.

A Microsoft spokesperson said in an email to SDxCentral, "Think of a TEE as a trusted black box for data". For example, an enterprise that wants to use a blockchain to manage its relationships with suppliers might want one or two companies to be able to view all the transactions on a network while limiting other participants to viewing a subset of those deals. "Through the TEE, each node controls the encrypted data coming in and out for different transactions, smart contract agreements, and data exchanges between distributed applications (DApps) built on the blockchain".

"Coco presents an alternative approach to ledger construction", said Mark Russinovich, chief technology officer at Microsoft Azure (pictured), "giving enterprises the scalability, distributed governance and enhanced confidentiality they need without sacrificing the inherent security and immutability they expect".

The source code for Coco will be given to the open source community in early 2018, the post said.

"I believe Coco can only benefit from the diverse and talented open source communities that are driving blockchain innovation today", Russinovich said, speaking to Microsoft's intent to follow an open-source approach to Coco's development and release.

Related news:

Hot News

isis-killer-beheading-video-story-top Premier League weekend preview
Aug 11, 2017 - 11:31
The danger for Chelsea is that the harmonious atmosphere re-established by Conte after Mourinho's bitter departure is eroded. Manchester United should be looking for a flying start to the season while Everton are likely to find the early going tough.

isis-killer-beheading-video-story-top Trump thinks he should have been even harder on North Korea
Aug 11, 2017 - 11:07
Sen. "Defusing the North Korea threat will take smart, steady leadership and stronger diplomatic ties with our key allies". Clearly, the CBS host views Trump as more of a threat than the beligerant, unstable dictator of North Korea.

Trump touts United States nuclear arsenal amid standoff with North Korea
Aug 11, 2017 - 10:15
And Tillerson even made a pre-scheduled refueling stop in Guam, the target of the North's purported military designs. Tillerson said Wednesday as he returned from an Asia trip he doesn't believe there is "any imminent threat".

isis-killer-beheading-video-story-top GLOW Will Go Another Round at Netflix
Aug 11, 2017 - 09:41
Despite this, Netflix did not immediately renew the show for a second season , leaving many fans questioning its future. The show's official Twitter account announced on Thursday that it will return for a new series of episodes.

isis-killer-beheading-video-story-top Nightly Blackouts and Pirate Drills on World Cruise
Aug 11, 2017 - 09:38
Passengers aboard a 104-day luxury world cruise were forced to sail without lights for 10 days out of an abundance of caution. The captain told passengers the threat was real and the ship "must be prepared for a pirate attack ".

isis-killer-beheading-video-story-top NORTH KOREA | Pentagon chief issues own sharp threat to NKorea
Aug 11, 2017 - 09:29
Trump and North Korea have been exchanging escalating threats, with the North saying it was examining plans for attacking Guam. Recent tests of the missiles have drawn worldwide condemnation and led to fresh United Nations sanctions against North Korea.

isis-killer-beheading-video-story-top Japan says 'can never tolerate' North Korea provocations
Aug 11, 2017 - 09:29
Air Force B-1B Lancer bombers and two Japanese F-2 jet fighters, Japan's Air Self Defence Force (ASDF) said in a news release. Forces and reduce their bases in Guam and other regions to ashes." adding, "The KPA air force is put on alert".

isis-killer-beheading-video-story-top James Spann: Muggy days ahead for Alabama, with occasional showers, storms
Aug 11, 2017 - 09:24
Showers and thunderstorms will work across the area today with scattered afternoon showers expected again Thursday . MONDAY: Partly cloudy skies and a few rain showers will be possible, with a high temperature of 84 degrees.

isis-killer-beheading-video-story-top McCain Threatens North Korea After Expressing 'Concerns' Over Trump Rhetoric
Aug 11, 2017 - 09:07
We should not be engaging in the same kind of blustery and provocative statements as North Korea about nuclear war. The claims come amid widespread criticism of Mr Trump over his response to threats made by North Korea.

isis-killer-beheading-video-story-top Pliskova through to Rogers Cup quarters; Venus, Kerber ousted
Aug 11, 2017 - 09:06
Open champion Juan Martin De Potro 6-3, 7-6 (4) in a second-round match on a gusty Wednesday afternoon. At one stage, Siniakova saved eight consecutive break points to ensure she always remained in touch.

isis-killer-beheading-video-story-top Trump 'Surprised' That FBI Raided Ex-Campaign Manager's Home
Aug 11, 2017 - 08:54
The former Federal Bureau of Investigation director has reportedly subpoenaed Manafort's banking and financial records. The president's remarks followed several weeks of speculation that Trump meant to remove Mueller, USA Today reported .

isis-killer-beheading-video-story-top Keenum, Heinicke lift Vikings over Bills
Aug 11, 2017 - 08:23
In his first action with the Vikings, Case Keenum threw for 121 passing yards on 11-of-16 passing and had a passer rating of 90.9. The sixth-year player engineered a pair of scoring drives - both set up by passes to rookie receiver Stacy Coley .

isis-killer-beheading-video-story-top North Korea explained in graphics
Aug 11, 2017 - 08:14
Asked about the country, Trump told reporters: "They will be met with fire and fury like the world has never seen ". Trump is issuing a new warning over the North's development of nuclear weapons. "Look, we have trade with China".

isis-killer-beheading-video-story-top BBCI: China transport: Deadly coach crash in road tunnel
Aug 11, 2017 - 08:11
Such long-distance buses are a common mode of transport , particularly for migrant workers and other Chinese with low incomes. The bus had left Chengdu, capital of Sichuan Province Thursday night, and was headed for Luoyang city in Henan Province.

isis-killer-beheading-video-story-top Ivanka Trump to lead U.S. delegation to India to support women's entrepreneurship
Aug 11, 2017 - 08:04
Ivanka Trump's presence at #GES 2017, Hyderabad as the leader of the USA delegation, he wrote on twitter to confirm the visit . New Delhi, Washington and Hyderabad have been working on Ivanka's visit from the past one-and-half months.