The name of the base system (platform): | Projects based on blockchain technology |
Developers: | Microsoft |
Date of the premiere of the system: | 2017/08/17 |
Technology: | Development tools of applications |
Coco Framework is technology of optimization of work of corporate blockchains.
On August 17, 2017 the Microsoft corporation provided Coco Framework. It will help the companies more effectively and more quickly to implement a blockchain.
The operating blockchain protocol requires difficult technology developments to provide operational business needs and to meet security standards. Integration of Coco Framework with corporate a blockchain networks will allow to simplify these processes and to resolve topical issues:
- increase in speed of transactions,
- implementation of distributed control
- providing high level of confidentiality.
Implementation of these functions will expand possibilities of digital transformation in the different industries:
- financial sector,
- management of sale chains
- in logistics,
- in health care,
- retail
- etc.
The innovative technology a blockchain allows to simplify business. We created Coco Framework with fundamental functionality for the enterprises, based on customers needs. Microsoft aims to make blockchain technology available to all companies. We are sure that we will achieve it thanks to a combination of the advanced algorithms and reliable environments of code execution (TEEs), such as Software Guard Extensions (SGX) from Intel and Windows Virtual Secure Mode (VSM). We are sure that it is the next step making blockchain technology more available to business. Mark Russinovich, technical director of Azure, Microsoft |
Key properties
- capability carry out more than 1600 transactions per second;
- simple and convenient management of confidentiality of data without performance penalty;
- complex model of distributed control a blockchain networks which creates accurate structure of network and allows its participants to define by vote all rules of work of consortium and program components a blockchain.
We are very glad to solution development, joint with Microsoft, for the help to the companies in implementation of blockchain technology. Our general customers with enthusiasm estimate blockchain potential. Therefore we do everything possible for increase in value of this technology thanks to a cloud of Microsoft Azure and the equipment of Intel, constantly improving scalability, confidentiality and security of solutions. Rick Echevarriya, vice president for software products and services of Intel |
Coco Framework will be compatible to any protocol of the register, it can be used in a cloud and in the local environment, on any operating system and the hypervisor supporting compatible TEE. At the first stage Coco Framework will work with the R3 Corda, Intel Sawtooth Lake, J. P. Morgan Quorum and Ethereum blokycheyn-platforms.
The R3 Corda platform was developed for corporations. We created it from scratch jointly with specialists of the financial industry for the solution of current problems of business and a possibility of implementation and management within a modern IT landscape. Any other technology platform does not yalyatsya so easily compatible and integrated. And cooperation with Microsoft is another important step on the way of implementation of our mission: help the companies to execute uninterruptedly financial transactions. David E. Rutter, Chapter R3 |
According to the statement of Microsoft, in 2018 the Coco Framework technology will become available as the project open source on GitHub. Also Microsoft will continue work on development of blockchain technology with customers and partners, with technical and business community.