Microsoft has announced the launch of Coco – a first-of-its-kind ultra fast and secure blockchain service for companies that can process over 1,600 transactions per second.
Microsoft’s New Blockchain Service
Recently, Washington-based tech giant Microsoft announced a new blockchain framework designed for enterprise systems. The new framework, called Coco, will utilize Microsoft’s technology to offer an advanced, fast and reliable blockchain system. The main advantages of the Coco framework are its ability to process over 1,600 transactions per second, something which neither the Bitcoin nor Ethereum blockchain can support at the moment.
The Coco framework will also use a unique technology called trusted execution environment (TEE). The trusted execution environment will be able to host the blockchain code in a secure box which will use Intel’s Software Guard Extensions or Windows’ Virtual Secure Mode in order to validate the environment. Coco framework will also be integrated into Microsoft’s Azure cloud storage service.
Coco Framework Generates Major Interest
Even though Coco hasn’t been released yet, many enterprise corporations have already expressed their desire to use the blockchain service for their systems. Most prominent users of the Coco framework include Intel, R3 …
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