In sync with the increasing adoption of Blockchain technology, Microsoft has announced the launch of ‘Coco Framework’, a first-of-its-kind innovation aimed to improve efficiency confidentiality and governance of enterprises.
“As of now, the current blockchain protocol technology needs complicated development techniques to address the operational and security requirements of enterprises and Coco Framework promises to reduce this complexity,” said Microsoft.
A blockchain is witnessing a continuous growth in its list of records, called blocks, which are linked and secured via cryptography.
According to the brand’s announcement, Microsoft will introduce the framework via Internet hosting service GitHub in 2018 that too as an open source project.
Microsoft announces that whenever the ‘Coco Framework’ will be incorporated with popular blockchain protocols, it will enable the improvement of the critical demands of commercial block chain applications. These services will comprise of high transaction speed (faster by roughly 100 times), distributed governance (network Constitution that allows members to vote) and confidentiality (without compromising performance).