Microsoft will partner with the Cornell Tech - based Initiative for Cryptocurrencies and Security ( IC3 ) to develop blockchain technology for financial institutions . A blockchain is a digital collection where transactions made via cryptocurrency, such as Bitcoin, are publicly recorded. The organisations will develop methods to scale , deploy and prepare the technology for enterprise adoption , said Chris Rhodes , a global blockchain business strategist at Microsoft . The software company recently announced it is developing Coco , a blockchain framework designed to make it easier for enterprises to manage networks .
Microsoft will partner with the Cornell Tech - based Initiative for Cryptocurrencies and Security ( IC3 ) to develop blockchain technology for financial institutions . The organisations will develop methods to scale , deploy and prepare the technology for enterprise adoption , said Chris Rhodes , a global blockchain business strategist at Microsoft . The software company recently announced it is developing Coco , a blockchain framework designed to make it easier for enterprises to manage networks .