Blockchain technology promises to dramatically transform many common business processes. Blockchain enables a new form of trustworthy business processes among multiple, mutually distrusting entities by offering automation, transparency, and integrity without requiring trust in the participating entities. However, existing proposals do not fully deliver the promises of blockchain technology. We are investigating new distributed systems and cryptographic techniques to address those gaps.
Our principal work in this area is the VOLT project, which is exploring new ways to architect permissioned blockchains.
- Enabling secure and resource-efficient blockchain networks with VOLT (PDF)
Srinath Setty, Soumya Basu, Lidong Zhou, Michael L. Roberts, and Ramarathnam Venkatesan
Microsoft Research Technical Report MSR-TR-2017-38, August 2017.
Srinath Setty (srinath at microsoft dot com)