View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
August 10, 2017

Intel, Microsoft to bring blockchain service to the enterprise

The new Coco Framework is set to be a first-of-its-kind innovation designed to get businesses ready for blockchain technology.

By Tom Ball

Microsoft has announced that it is working with Intel and other blockchain leaders on a new framework geared towards bringing the technology to the enterprise.

Security and privacy are highlighted as focus areas within the new initiative, so as to best equip businesses taking the plunge into the new world of blockchain.

The service aims to get businesses prepared for the arrival of the new disruptive technology, providing a means for firms to utilise blockchain applications with ease and effectiveness from the outset.

The blockchain service is set to be named the Coco Framework and will incorporate Intel architecture extensions that are intended to enhance security, while improving transaction speeds and scaling.

Specifically Intel is bringing its SGX hardware-based security technology on board to help achieve the targeted goals of confidentiality and protection. This works by creating a separate, secure environment within which elements of the blockchain service can be contained.

Intel, Microsoft to bring blockchain service to the enterprise

Intel, Microsoft to bring blockchain service to the enterprise

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Intel, Microsoft to bring blockchain service to the enterprise

Intel is also providing its Xeon processors, which also claims to offer robust security, privacy features and scalability for distributed ledger networks. While providing sturdy security for the blockchain, the Xeon processors are also expected to boost the performance of the new technology.

Excitement is mounting quickly in anticipation of blockchain technology, with a report from Cognizant revealing expectations of 5 per cent revenue growth from financial services executives. Revenue growth of this size could be equivocal to $20 billion in savings for these financial services firms, with areas such as compliance, securities and cross-border payments being streamlined.

In the same report however, less than half of these executives have a plan in place for the implementation of the technology.

In light of this result, a secure and usable approach to blockchain such as the one Microsoft and Intel are working on, could prove to be highly desirable to organisations keen to reap the benefits of the disruptive potential of distributed ledger technology.

Topics in this article : , , ,
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.