Microsoft has revealed that it is working on a new technology that will boost the adoption of the blockchain by enterprises. The company said that it had created a system called the Coco Framework, which stands for Confidential Consortium. When implemented into a blockchain networks it will solve privacy, speed and governance issues for commercial adoption, reports Reuters. Mark Russinovich, chief technology officer of Azure, Microsoft’s cloud computing division, said:
"We expect this to be the foundation for blockchain for enterprise. We think blockchain is going to potentially transform every industry."
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