Microsoft announced the Coco service, the first fast and secure proxy server for companies handling more than 1,600 transactions per second.
Microsoft's new blockchain service
More recently, Microsoft Corp., a Washington-based company, has announced the launch of the new blockchain framework designed for enterprise systems. The new framework, called Coco, will use Microsoft technology to deliver the advanced, fast and reliable proxy system. In addition to the main advantages of the Coco framework is its ability to process more than 1600 processes per second, which can not be supported by either blockchain or Betquin blockchain for the time being.
The Coco framework will also use a unique technology called the Trusted Implementation Environment (TEE). This trusted implementation environment will be able to host the blockchain code in a secure box that uses Intel's security software extensions or Windows's default security mode for environmental validation. The Coco Framework will be integrated into Microsoft's Azure cloud storage service.
Generate more attention to the new Coco service by many
Although the Coco service has not yet been launched, many companies and institutions have already expressed their desire to use the blockchain service for their systems. Among the most prominent users are the Intel, R3 and JPMorgan Chase framework. Rick Echivaria, vice president of software, service group and general manager, at Intel's security department, said about the Coco service:
"We are thrilled to work with Microsoft to bring the blockchain service to the enterprise. Our joint customers are excited to see the potential of this service. Intel is committed to accelerating the value of the Azure cloud-supported blockchain on Intel devices by improving the scalability, privacy and security of our technology-based solutions. "
In an article from TechSource, Chief Technology Officer Mark Rossinovic, on Microsoft's Azure platform, expressed his opinion of the Coco service:
"With an innovative mix of advanced algorithms and trusted implementation environments, such as Intel Security Software Extensions or Windows Virtual Security, we believe this will lead us to the next step to make the blockchain technology ready to work."
The most interesting aspect of Microsoft's new blockchain service is the high interest by huge numbers of companies in order to use blockchain technology. This technology, in its current status in both Bitcoin and etherom, is still unable to support such a large number of large-scale transactions for large companies such as JPMorgan or Intel. But with the new Coco service, companies will be able to use blockchain technology without sacrificing the speed or security of their systems. What do you think of the framework of Microsoft's new Coco service? Do you think more technology giants will use them in their internal systems?
