Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Tech
News18 » Tech
1-min read

Microsoft Announces 'Coco Framework' For Blockchain Networks

Current blockchain protocol technology requires complicated development techniques to meet the operational and security needs of enterprises and Coco Framework reduces this complexity, the company said in a statement.

IANS

Updated:August 16, 2017, 4:16 PM IST
facebookTwitterskypewhatsapp
Microsoft Announces 'Coco Framework' For Blockchain Networks
Google Touts Titan Security Chip to Market Cloud Services (photo for representation, image: News18)
Loading...

With a rise in the adoption of Blockchain technology, Microsoft on Wednesday announced 'Coco Framework', a first-of-its-kind innovation that aims to improve performance, confidentiality and governance of enterprises. Current blockchain protocol technology requires complicated development techniques to meet the operational and security needs of enterprises and Coco Framework reduces this complexity, the company said in a statement.

A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Microsoft will launch the framework on Internet hosting service GitHub in 2018 as an open source project. When 'Coco Framework' is integrated with popular blockchain protocols, it addresses and improves on critical needs for commercial blockchain applications, including high transaction speed (faster by roughly 100 times), distributed governance (network Constitution that allows members to vote) and confidentiality (without compromising performance).

Recently, Microsoft was selected as the exclusive cloud partner by BankChain, a platform for banks in India (comprising State Bank of India, ICICI Bank, DCB Bank, Kotak Bank, Bank of Baroda, Deutsche Bank and others) to explore, build, and implement blockchain solutions using Microsoft Azure Blockchain.

Watch: Tech And Auto Show – Episode 8

 

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Md. Waquar Haider
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results