Microsoft has introduced a new framework that allows businesses to adopt blockchain technology for increased enterprise privacy and security. Intel has been named as a key hardware and software development partner for this program.
Under the collaboration, Microsoft, Intel, and other blockchain technology leaders will build a new enterprise-targeted blockchain framework termed as the Coco Framework. It will integrate Intel Software Guard Extensions (Intel SGX) to deliver improved transaction speed, scale and data confidentiality to enterprises.
This first-of-its-kind innovation allows developers to create flexible and more secure enterprise blockchain applications that can be easily managed by businesses. The framework uses Intel SGX to add new levels of privacy and confidentiality to blockchain transactions. Intel SGX is a hardware-based security technology containing a set of CPU instructions and platform enhancements that create private areas to protect code and data during execution.
Intel and Microsoft Come Together to Introduce Industry-First Enterprise Blockchain Service (Image Courtesy: Intel)
The SGX technology assists the Coco Framework offer confidential data and accelerated transaction throughput. The sensitive blockchain data is encrypted until it is opened in an Intel SGX enclave by a permitted program. The accelerated throughput is achieved by isolating the transaction verification process to speed network consensus.
Intel has shown active participation in the blockchain revolution by participating in developing standards, actively contributing technology and providing expert insight. It is actively engaged with industry leaders to improve performance, reliability and scalability of blockchain technologies. Intel® Xeon processors provide unique capabilities that can improve the privacy, security and scalability of distributed ledger networks.
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world’s largest and highest valued semiconductor chip makers based on revenue and is the inventor of the x86 series of microprocessors: the processors found in most personal computers (PCs).
Intel supplies processors for computer systems and manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing.
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