Microsoft Tech Giant aims at developing a crypto-currency system that enables people to use their body activity data to mine crypto-currency and to eliminate the need for specialist mining machines.
Microsoft has published on March 26th a patent entitled "Body Activity Data Cryptocurrency System." Their documentation details a crypto-mining approach which utilizes a new form of evidence from information associated with a user's activity.
To implement the process, the server assigns a task to the device of the user that is connected to the server. A special sensor then indicates the individual's body activity, while a cryptocurrency system checks whether or not the body activity data satisfies the conditions set by the cryptocurrency system. At the end of the day, the system assigns cryptocurrency to a user whose body activity data is verified.
Technology firms keep experimenting with cryptocurrency and blockchain in an attempt to stay a step ahead of their rivals. In the United States alone, the United States Patent and Trademark Office granted 227 blockchain-related patents between January 2014 and October 2019.
Recently, another tech behemoth, IBM, was awarded a patent for the development of a so-called “self-aware token.” The idea of the development is that the adoption of new forms of currency will create questions regarding the ability to validate, authenticate, and coordinate transactions across diverse forms of payment and trade that traditionally had little or no interaction.
Coinbase CEO Brian Amstrong patented a method that allows users to make Bitcoin (BTC) payments using email addresses tied to wallet addresses, without incurring transaction fees.
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