Microsoft has applied for two new patents which would give the computer giant the potential to utilize trusted execution environments (TEEs) in its blockchain network.
A TEE in general terms offers an execution space that provides a higher level of security than a rich mobile operating system open and more functionality than a “secure element”. In more technical terms, Wikipedia describes it as:
“A trusted execution environment is a secure area of the main processor. It guarantees code and data loaded inside to be protected with respect to confidentiality and integrity.”
A TEE, according to the US Patent and Trademark Office, will store “a pre-determined type of blockchain or other security protocol code” in a “validation node”. TEE attestation will verify participants of any system where they possess matching information held within the blockchain node, which is simply a point able to receive, store and send data within the network.
A TEE may be useful in order to set up a consortium blockchain network, for example, the storage of a pre-determined blockchain list allowing secure access for members of the consortium. Also, the new technology could help verify blockchain transactions on similar networks where several pre-authorized entities must interact. This would enable direct on-chain recording without needing to decrypt certain encrypted transactions.
Reportedly, the submissions for patents were filed by Microsoft a year ago in June of 2017 but notably, Microsoft now offers blockchain application via its Azure platform, such as the newly-launched Blockchain Workbench. This promises to streamline blockchain-based application development. As one of the most popular cloud computing services, Azure provides web developers and programmers numerous different types of servers, computers and databases for rent.
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