What is the CoCo Blockchain Framework?

Bringing blockchain technology to the enterprise is a top priority for Microsoft. Other projects in the cryptocurrency and blockchain sphere are working toward a similar goal. Microsoft’s CoCo Framework for enterprise blockchain networks may very well prove to be a game changer. Microsoft aims to facilitate the adoption of distributed ledger technology in the enterprise sector, and a unified framework would certainly help make that happen.

CoCo is Completely Open-Source

It is no secret a lot of enterprises have been keeping a close eye on developments in blockchain technology. No company can afford to miss out on the next big thing in this sector. Distributed ledgers have the power to completely transform business models, accounting methods, record keeping, and anything else one can think of in the administrative department. Embracing this innovative technology remains a big hurdle for most enterprises, as there is no unified approach in this regard.

This is why Microsoft has introduced the CoCo framework earlier this week. It is an open-source system designed to provide high-scale and confidential blockchain networks for enterprise purposes. The main objective of the initiative is to boost global adoption of blockchain technology among companies and corporations. Rather than seeing private blockchains created which can only be used by select parties, CoCo wants to slowly steer enterprises in one direction to ensure a unified approach to distributed ledgers.

CoCo is its own proprietary blockchain ecosystem. It can connect existing blockchains with one another, which is a good sign. It is designed specifically for consortiums where nodes and actors can be controlled. It is not a decentralized solution in this regard, as participants will still be able to exert a high degree of control over their blockchain. In that respect, CoCo is more of a distributed ledger-oriented approach rather than a decentralized technology.

Despite taking a more centralized approach, there are many benefits to embracing CoCo. Corporations can bank on scalability, enhanced confidentiality, and distributed governance. At the same time, they will not lack in security and immutability, which are two of the driving factors behind blockchain technology as a whole. The throughput of this network is on par with database speeds, and the potential business confidentiality models are virtually limitless.

Integrating existing blockchains with the CoCo framework has already begun. Microsoft has been working hard to make this project work from the day it was unveiled to the public. So far, Ethereum has been integrated, with blockchain-oriented projects from R3, Intel, and JP Morgan Chase to follow in the near future.This means the Quorum, Corda, and Hyperledger Sawtooth ledgers will soon become accessible through the CoCo framework as well. This represents a good start for the nascent blockchain framework, but there is a lot more to come in the future.

CoCo was designed in such a way that it can operate in the cloud and on premises alike. Nor are there limitations as to which operating systems are supported. This degree of flexibility could be the driving factor leading more enterprises to adopt a blockchain-oriented business approach in the coming years. A universal framework capable of linking existing blockchains in one convenient solution will have some interesting ramifications. Microsoft has proven to be an invaluable partner in blockchain technology.

  • loganspappy

    Microsoft is anti-intelligence, anti-opensource, anti-freedom, anti-peer-to-peer, and anti-security. JP is apparently completely unaware of Microsoft’s history. For example: hijacking Java away from Sun’s “write once, run anywhere” objectives by violating the license. After about 5 years, they finally lost in court after having done massive damage. Everything MS could possibly want from blockchain technology is the exact opposite to everything Satoshi wanted. There is nothing good about Coco.

    • Juan Zhao

      Except that I can use it on my project cuz its open source 🙂 🙂 #hatersGonnaHate

      • loganspappy

        But since #CrooksGonnaBeCrooked and #cattleGonnaBeCattle nothing good will come of it.

        • Juan Zhao

          Right . Is that why Microsoft open sourced the whole .NET framework and it runs on linux inside of docker containers? HAHA You stuck in the past bro. Microsoft is a business so asking for it to do anything other than harm the earth is ridiculous bro. If you want write once run anywhere there are plenty of things in 2017 that can do that. including .NET. You forgetting that they brought us Windows right. Or just brought down the price of developing and using mixed reality to around 300 bucks. Crooks? haha its call business buddy. Adam Smiths invisible hand. Yeah Tesla/Edison invented the lightbulb but it was Westinghouse and JP. Morgan who brought it to the masses. Dont be a kid.

          • JdsJdk

            Juan I can see both sides of this. I can accept this aspect that MSFT is doing, but I dont think MSFT is fully on the “light side”. As long as I am (forced sometimes) to use the DOS terminal and not bash (or even better) fish and “oh-my-fish” then MSFT is still not TRULY open source. In my mind, they still have a long ways to go. I will quote anonymous: I do not forget, I do not forgive, expect me.” So like Logan, I am going into MSFT’s new “philosophy” of being open source with open eyes. They still cannot write an desktop OS worth SHIT. DOS is still lurking around and it’s still TERRIBLE!
            Juan, I will not forget the tech dark ages of the 90-2000’s where MSFT had closed the WORLD to new innovation. It ate a lot of open source projects, and desecrated a lot of tech beauty in its wake. Luckily, both Google and Apple been able to keep this beast at bay – by being the TRUE adopters of open source. They keep nearly ALL of their software open source! They use bash!
            I will not be accepting MSFT into the fold until they do the SAME!

          • Ricardo Rodrigues

            iOS open source? where? that I’d like to see! Remember that famous Apple related quote, “closed system, end2end” ?
            What a joke. Why are those things terrible? Let’s point out reasons, because empty bashing is just what haters do.
            Do you want to know why Google open sources? Because their business is not selling software! Wake up!

  • Guy Fawkes

    Bill knows best. He won’t copy your idea. Bill takes your idea, and makes it better. 😉