Microsoft to Use Trusted Execution Environment in DLT

IT giant had filed two new applications to the US Patent and Trademark Office (USPTO)
14 August 2018   714

Microsoft has submitted two new applications to the US Patent and Trademark Office (USPTO) for the use of the Trusted Execution Environment (TEE) in future blockchain solutions. This is reported by Coindesk.

According to patents, TEE is listed in the role of code in the node-validator, predetermined by the type of blockchain or other security protocol. In this form, certification based on TEE will be able to verify the participants in the system who own the same information as the nodes.

As indicated in the first patent, this solution will find use in blockchain consortiums. In particular, the first node will store the list of members of the association among another block of information, and TEE will monitor the safe inclusion of new members in the "consortium network."

In the second application, Microsoft said that the solution based on TEE will help in verification of transactions in the blockchain, where the authorized network is the authorized group of persons.

With the TEE-certification process, some transactions can be processed and confirmed without the need for decryption before further transmission on the network.

According to the developers, thanks to the innovation, the network will be able to accept transactions and directly update the structure of the block.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   55

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.