During Cyber Week 2017, I spoke with industry experts where I shared Intel’s approach to cybersecurity and how to protect emerging industry opportunities like autonomous vehicles and blockchain. Intel’s approach to security starts with hardware protection and builds upwards, hardening each layer of the compute stack. Just last month, Intel announced Intel® Xeon Scalable processors, which include a suite of platform security technologies built into Intel® silicon.
Today, Microsoft announced the Coco Framework with Intel as a key hardware and development partner. This collaboration is intended to address enterprise requirements for blockchain implementations, including security and privacy.
The Coco Framework Enables Enterprise Blockchain
Traditional blockchains like Bitcoin are public networks that anyone can join. While such networks may be appropriate for trading cryptocurrency, their limited transaction throughput, compute inefficiencies, and public transaction data, often inhibit corporations who are seeking to deploy blockchain applications.
Microsoft’s Coco Framework uses Intel® Software Guard Extensions (Intel SGX) to better satisfy enterprise blockchain requirements of throughput, efficiency, and privacy. As a hardware-based security technology, Intel SGX is uniquely positioned to improve blockchain solutions by delivering a trusted execution environment. Coco utilizes SGX’s trusted execution to accelerate transaction throughput and encrypt transaction data, thereby delivering a blockchain framework that is tailored to the needs of an enterprise.