Interest in blockchains is at an all-time high, but there are still plenty of technical issues to solve, especially for enterprises that want to adopt this technology for smart contracts and other use cases. For them, issues like throughput, latency, governance and confidentiality are still major stumbling blocks for using blockchains. With its new Coco Framework, Microsoft wants to solve these issues and make blockchains more suitable for the enterprise.
In an interview earlier this week, Microsoft’s CTO for Azure (and occasional novelist) Mark Russinovich told me the company is seeing a lot of interest in blockchain technology among its users. They like the general idea of a distributed ledger, but a system that can only handle a handful of transactions a second doesn’t work for them — what they want is a technology that can handle a thousand or more transactions per second.
The Coco Framework solves these fundamental issues with blockchains by introducing a trusted execution environment (TEE).
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