Sunday, August 13, 2017

Microsoft unveils technology to speed up blockchain and its adoption

Microsoft unveils technology to speed up blockchain and its adoption

NEW YORK (Reuters) - Microsoft Corp (MSFT.O) is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.


The company said on Thursday that it had developed a system called Coco Framework, which connects to different blockchain networks to solve some of the issues that have slowed down their adoption, including speed and privacy concerns.


Coco, whose names stands for Confidential Consortium, will be ready and made open source by 2018, Microsoft said.


It is currently compatible with Ethereum, one of the most popular types of blockchains and can make it roughly 100 times faster, Microsoft said.


Full story at http://reut.rs/2uzFX3P


Source: Reuters


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