On August 10, 2017, Microsoft announced their enterprise-ready blockchain network, Coco Framework.
Blockchain technology is now not an unknown technology anymore, with each day passing the number of enterprises supporting and investing in blockchain is increasing. There are lots of short coming in existing software like latency, performance, governance, etc.
Microsoft, one of the tech giants, investing a lot in blockchain technology. They are trying to solve the short over comings of existing software and making blockchain more facilitate.
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