Windows 10 News and info | Forum
September 20, 2017, Loading... *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: This is a clean Ad-free Forum and protected by StopForumSpam, Project Honeypot and Botscout | This forum does not use audio ads, popups, or other annoyances.
 
  Website   Home   Windows 8 Website Windows 8 Forum Help Login Register  
Pages: [1]
  Print  
Share this topic on Del.icio.usShare this topic on DiggShare this topic on FacebookShare this topic on GoogleShare this topic on MySpaceShare this topic on RedditShare this topic on StumbleUponShare this topic on TechnoratiShare this topic on TwitterShare this topic on YahooShare this topic on Google buzz
Author Topic: Microsoft is joining IC3 to transform financial systems using blockchain  (Read 167 times)
javajolt
Administrator
Hero Member
*****
Online Online

Gender: Male
United States United States

Posts: 27092


I Do Windows


WWW Email
« on: September 04, 2017, 05:24:03 PM »
ReplyReply

IC3 (Initiative for Cryptocurrencies and Contracts ) is an initiative of faculty members at Cornell University, Cornell Tech, UC Berkeley, UIUC and the Technion. Last week, Microsoft announced that they will join IC3 along with other finance and technology companies to transform future financial systems to be much more flexible, transparent, efficient and secure.

We have seen several white papers on blockchain-based solutions which could transform the financial industry. IC3 is working with leaders in finance and banking, entrepreneurs, government, and open source software communities to move these blockchain-based solutions from proof-of-concepts to fast and reliable financial systems of execution and record.

“As we continue our journey in blockchain, we have watched and read the work of the IC3 team and are impressed with their thinking and the perspective they bring to the community. We are very aligned with the approaches IC3 blockchain experts are taking to address scale, simplification, and other topics of interest for enterprise adoption. The synergies in their research fit well with our visions for enterprise scale blockchain solutions,” said Yorke E. Rhodes III, Global Blockchain Business Strategist, Microsoft. “We are excited to work more closely with IC3 through this membership.”

“IC3 was founded to advance blockchain science, technology, and applications,” said Ari Juels, Co-Director of IC3 and a professor at the Jacobs Technion-Cornell Institute at Cornell Tech in New York City. “We’re delighted to work more closely with Microsoft’s blockchain experts, who share our vision of blockchain-based solutions for next generation financial services.”

Microsoft announced the new Coco Framework to accelerate production enterprise adoption of blockchain technology. Coco Framework is an open-source system that enables high-scale, confidential blockchain networks that meet all key enterprise requirements. Unlike many other blockchain frameworks out there, Coco is designed for confidential consortiums, where nodes and actors are explicitly declared and controlled. It is an alternative approach to ledger construction allowing organizations the scalability, distributed governance and enhanced confidentiality they need. Learn more about it here.

source
Logged



Pages: [1]
  Print  
 
Jump to:  

Powered by SMF 1.1.21 | SMF © 2017, Simple Machines

Google visited last this page September 18, 2017, 08:19:33 PM