Microsoft Unveils Technology to Speed Up Blockchain and Its Adoption

  • NEW YORK — Microsoft Corp is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.
  • The company said on Thursday that it had developed a system called Coco Framework, which connects to different blockchain networks to solve some of the issues that have slowed down their adoption, including speed and privacy concerns.
  • Coco, whose names stands for Confidential Consortium, will be ready and made open source by 2018, Microsoft said.
  • It is currently compatible with Ethereum, one of the most popular types of blockchains and can make it roughly 100 times faster, Microsoft said.
  • “We expect this to be the foundation for blockchain for enterprise,” Mark Russinovich, chief technology officer of Azure, Microsoft’s cloud computing division, said at a press briefing.

Microsoft Corp is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.
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Microsoft unveils technology to speed up blockchain and its adoption

Microsoft unveils technology to speed up blockchain and its adoption $MSFT

  • REUTERS/ Mike Blake/File Photo

    NEW YORK (Reuters) – Microsoft Corp (MSFT.O) is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises.

  • The company said on Thursday that it had developed a system called Coco Framework, which connects to different blockchain networks to solve some of the issues that have slowed down their adoption, including speed and privacy concerns.
  • It is currently compatible with Ethereum, one of the most popular types of blockchains and can make it roughly 100 times faster, Microsoft said.
  • “We expect this to be the foundation for blockchain for enterprise,” Mark Russinovich, chief technology officer of Azure, Microsoft’s cloud computing division, said at a press briefing.
  • Microsoft’s technology would make it easier for firms to control who can see what on a network without making the system slower.

Microsoft Corp (MSFT.O) is working on technology that it believes can make blockchain-based systems faster and more private, as it looks to speed up use of the distributed database software by enterprises. Coco, whose names stands for Confidential Consortium, will be ready and made open source by 2018
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Fidelity, the $2.3 trillion investment giant, is testing out a new cryptocurrency service

  • The $2.3 trillion investor announced on Wednesday a partnership between its Fidelity Labs, the firm’s innovation center, and Coinbase, the cryptocurrency exchange serving nearly 9 million customers.
  • As part of the partnership, Coinbase users will be able to view their bitcoin, ethereum, and litecoin holdings alongside their other accounts in their Fidelity Portfolio.
  • “We are trying to create the best customer experience,” Hadley Stern, managing director at Fidelity Labs, told Business Insider.
  • Donations made in bitcoin to Fidelity Charitable, a $16 billion donor-advised philanthropic fund, grew to about $9 million in the first half of 2017.
  • Fidelity’s CEO Abigail Johnson is a bitcoin enthusiast.

Fidelity is testing out a new service to help make life easier for its clients who invest in…
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Initial coin offerings: cryptocurrency’s next high-risk big money maker

  • After the boom and bust and boom of bitcoin, where some lost millions on discarded drives and others found forgotten wallets with enough to buy a flats in Oslo, the next big thing in the cryptocurrency is here to generate millions of pounds for the lucky few brave enough to invest: the initial coin offering (ICO).
  • They’re essentially crowdfunding campaigns for cryptocurrency startups, these days almost always based on the Ethereum platform – a bitcoin spinoff which lets users build distributed businesses all plugged into the same blockchain.
  • Often the only chance of a return is if the value of the coins goes up, but with the examples of bitcoin (increase in value over the past 12 months: 410%) and Ethereum (increase in value: 4,000%) behind them, a lot of investors are prepared to speculate.
  • It’s since been outdone by at least 10 other ICOs run on Ethereum alone, including the Basic Attention Token used for tracking-free advertising on the Brave adblocking browser ($35m raised), the MobileGo token used in a cryptocurrency-based video game marketplace ($26m raised), and the Bancor Network Token, which backs a platform designed to make it easier for users to make and launch their own blockchain tokens ($152.3m raised).
  • Increasingly, these offerings are made before the company even really exists – perhaps a legitimate choice if the team can’t work until the coins have been issued, but one that leaves millions of dollars flowing into startups which would still be courting angel investors for five figure sums in a conventional market.

Risk-takers are cashing in millions with launches of new cryptocurrencies that make traditional initial public offerings look practically prehistoric
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The Move Towards Healthcare Blockchains

  • Earlier this year Google’s British AI division DeepMind announced the launch of a blockchain like ledger for managing healthcare data.
  • The tokens, known as PTY, will be traded via a secure, closed loop ledger system that aims to connect up all parties in the healthcare ecosystem to allow for the exchange of health data within a highly-secure, blockchain powered health information exchange (HIE).
  • The company believe that their use of blockchain will encourage providers to offer better care to patients, whilst also adopting innovative practices that join up care more effectively through the sharing of patient data.
  • Using blockchain technology, Patientory encrypts medical patient information in hospitals and insurance companies so that it is not centralized data, but it is distributed, thus meeting HIPAA Security Rules.
  • We are certainly in the midst of a digital health revolution however, and whilst I’m not sure that blockchain will play an inevitable role in providing secure and patient centered data, it will it seems inevitably play its part in our move in that direction.

Earlier this year Google’s British AI division DeepMind announced the launch of a blockchain like ledger for managing healthcare data.  The aim is t…
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IBM CEO Ginni Rometty responds to Warren Buffett selling IBM shares

Great interview w #IBM CEO Ginni Rometty Touching on #Iot #blockchain #AI

  • IBM’s stock took a major hit when billionaire investor Warren Buffett said he sold about a third of his IBM shares, but CEO Ginni Rometty seemed unfazed when asked about his move.
  • “And the trick to being a company in tech, which is a viciously competitive environment, that’s absolutely right, is you’ve got to keep reinventing.
  • And what IBM is for is for someone who values high value as a company.”
  • At the time of his sale, the Berkshire Hathaway chairman and CEO cited “pretty tough competition” and a changing playing field.
  • “I don’t value IBM the same way that I did 6 years ago when I started buying … I’ve revalued it somewhat downward,” Buffett told CNBC.

Jim Cramer sat down with IBM CEO Ginni Rometty to ask her about billionaire shareholder Warren Buffett selling a third of his stake.
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DNotes Prepares to Introduce DNotes 2.0 Upgrade, Launches New Bitcointalk Forum

  • CHICAGO, May 22, 2017 /PRNewswire/ — DNotes has announced that its upcoming DNotes 2.0 upgrade will include innovative features and applications relating to smart contracts, blockchain technologies, mobile applications, and global payments systems.
  • The new blockchain system will be accompanied by positive changes in the company’s CRISP program, and will reward stakeholders monthly with an annual target of approximately 2% on balances held in qualified accounts for 30 days or more to encourage long-term investment and savings.
  • Yong describes the decision as the direct result of his belief that mass acceptance of digital currency can only be attained by focusing on businesses and other consumers.
  • Those building blocks include CryptoMoms — a currency neutral site dedicated to encouraging female participation; DNotesVault — a free secure storage for DNotes’ stakeholders with 100% of its deposits guaranteed with verifiable funds; DCEBrief — a news and information media outlet that delivers news on the latest developments in the world of digital currency; and CRISPs — a family of Cryptocurrency Investment Savings Plans for people around the globe.
  • According to Yong, the company’s commitment to develop on C# will allow it to be the most innovative, responsive, and efficient in serving increasing demand from businesses and consumers alike.

CHICAGO, May 22, 2017 /PRNewswire/ — DNotes has announced that its upcoming DNotes 2.0 upgrade will include innovative features and applications relating to smart contracts, blockchain technologies, mobile applications, and global payments systems. The upgrade is expected to launch later in 2017, and
Continue reading “DNotes Prepares to Introduce DNotes 2.0 Upgrade, Launches New Bitcointalk Forum”