We propose a self-homodyne system for next generation intra-datacenter networking. The proposed system has a higher spectral efficiency for the modulated signal compared to the intensity-modulation/direct-detection (IM/DD) systems and uses digital signal processing of reduced complexity compared to a conventional coherent system. The concept of the proposed system is to send the modulated signal and a tone originating from the same laser over the full-duplex fiber with the aid of circulators to be used remotely at the receiver for coherent detection. The overall system physical complexity approaches the equivalent IM/DD system giving the same target data rate for 400G systems and beyond. We experimentally demonstrate emulation of the proposed system and report data rates of 530 Gb/s, 448 Gb/s and 320 Gb/s on a single wavelength below the KP4 forward error correcting threshold over 500 m, 2 km and 10 km of single mode fiber, respectively.