The team at GoChain is bringing their private, scalable blockchain offering to Microsoft Azure. GoChain is a smart contract blockchain based on a go-ethereum code fork, with changes to protocol and consensus model primarily to increase the transaction speed of the network. This is acheived through core protocol changes as well as the introduction of Proof of Reputation consensus mechanism. This function similar to the current Proof of Authority based models in that verification of blocks are controlled by validation nodes agreed upon by the consoritium. GoChain is an Ethereum compatible blockchain which enables enterprise customers and developers the ability to build and deploy decentralized applications and smart contracts. With this compatibility, existing Ethereum assets can be reused with little changes require, such as solidity based smart contracts. Enterprises are looking for blockchain solutions that allow them to take advantage of core blockchain attributes such as immutability, strong digital signatures, and distributed architecture.
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