Tech big, Microsoft, is trying to develop a cryptocurrency system which allows people to mine cryptocurrency utilizing their physique exercise knowledge, eliminating the necessity for specialised mining machines.
Microsoft revealed a patent dubbed “Cryptocurrency system utilizing physique exercise knowledge” on March 26. Their paperwork particulars a technique of crypto mining which exploits knowledge related to a person’s physique exercise to train a brand new type of proof-of-work. The doc additional particulars:
“For instance, a mind wave or physique warmth emitted from the person when the person performs the duty offered by an data or service supplier, resembling viewing commercial or utilizing sure web providers, can be utilized within the mining course of.”
Diagram of the invention. Supply: Patentscope
To implement the method, a server supplies a job to a person’s machine, which is communicatively coupled to the server. A particular sensor then signifies physique exercise of the person, whereas a cryptocurrency system verifies whether or not or not the physique exercise knowledge satisfies the situations set by the cryptocurrency system. In the end, the system awards cryptocurrency to the person whose physique exercise knowledge is verified.
Blockchain patents achieve traction
Expertise corporations proceed to experiment with cryptocurrency and blockchain in an try to stay a step forward of their rivals. In the USA alone, the USA Patent and Trademark Workplace granted 227 blockchain-related patents from January 2014 to October 2019.
Just lately, one other tech behemoth, IBM, was awarded a patent for the event of a so-called “self-aware token.” The thought of the event is that the adoption of latest types of forex will create questions concerning the power to validate, authenticate, and coordinate transactions throughout various types of cost and commerce that historically had little or no interplay.
Brian Amstrong, the CEO of Coinbase, patented a technique that permits customers to make Bitcoin (BTC) funds utilizing e mail addresses tied to pockets addresses, with out incurring transaction charges.