Two new patents from Microsoft reveal that the tech giant is looking to bolster its blockchain solutions with the use of trusted execution environments, according to two filings published by the U.S. Patent and Trademark Office August 9.
Both applications outline how the use of TEEs could further improve security within a consortium blockchain network, which requires that specific nodes are endorsed to act as validator nodes on the blockchain.
"In one example of the technology, a first node is endorsed. During endorsement of a first node, a pre-determined type of blockchain or other security protocol code to be authorized and a pre-determined membership list may be stored in a trusted execution environment of the first node."
According to the patent, not only a specified protocol or membership list, but potentially a series of further agreed-upon aspects could be stored within a TEE. The patent then outlines how using a system of TEE attestations would be able to securely verify all new participants of the system who are found to possess matching information to that which is stored within the first node's TEE. Microsoft's second patent filing from August 9 outlines how a TEE may also facilitate the verification of blockchain transactions within a consortium network.
"In some examples, the entire network accepts the transactions, including chaincode transactions, and blockchain states are directly updated. In some examples, there is no need for a copy of the transaction in order to confirm a block."
Just last week, Cointelegraph reported on news that Microsoft's Ethereum-based cloud computing platform Azure had replaced its existing proof-of-work consensus mechanism with a new proof-of-authority algorithm.
Microsoft has proposed that the new algorithm will improve the efficiency of building decentralized applications for private or consortium blockchain networks.
Microsoft's Two New Patents Fuse Blockchain Tech With Trusted Computing Techniques
에 게시 됨 Aug 13, 2018
by Cointele | 에 게시 됨 Coinage
Coinage
최근 뉴스
모두보기
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.