Microsoft Technology Licensing, the licensing arm of Microsoft Corp., has been granted an international patent for a “cryptocurrency system using body activity data.” The patent was published by the World Intellectual Property Organization (WIPO) on March 26. The application was filed on June 20 last year.
What Cryptocurrency is Microsoft?
The companies using the technology are mostly relying on a permissioned version of the ethereum blockchain that uses Microsoft’s Azure cloud computing to reach a consensus on transactions.
Is Microsoft a patent?
While traditionally Microsoft has been among the top 10 companies in patents issued each year, we focus on the quality, rather than the quantity, of patents in our portfolio.
Who is the owner of Cryptocurrency?
The underlying technical system upon which decentralized cryptocurrencies are based was created by the group or individual known as Satoshi Nakamoto.
What is patent #wo2020060606?
This system patented under patent number WO 2020/060606, uses the human body to mine cryptocurrency by leverage body activity as proof-of-work.
Is Microsoft using ethereum?
Microsoft and ConsenSys are partnering to offer Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure so Enterprise clients and developers can have a single click cloud based blockchain developer environment.
What Blockchain does Microsoft use?
Azure Blockchain Service is integrated with Microsoft serverless and codeless development tools.
Are patent scopes real?
As to what your “invention” is exactly, that is defined by the patent claims. The claims define the “scope” of the invention—essentially the boundary of the patent owner’s right to exclude anything or anyone falling within the scope of the claims.
What are patent rights?
A patent is an exclusive right granted for an invention. … In other words, patent protection means that the invention cannot be commercially made, used, distributed, imported, or sold by others without the patent owner’s consent.
How many patents does Google have?
— 1,702 total patents between July 1, 2019 and June 1, 2020.
Who is the richest Bitcoin owner?
1 Satoshi Nakamoto
Bitcoin’s top ten richest Bitcoin owners in years-the creator of Bitcoin-are nicknamed “Satoshi Nakamoto”. According to Satoshi Nakamoto’s early mining, the number of bitcoins he currently owns is estimated to be around 1.1 million.
What’s the best crypto to buy?
- These are seven of the best cryptos on the market. It has been over a decade since the mysterious Satoshi Nakamoto created Bitcoin, the first and by far most popular form of cryptocurrency in the world. …
- Bitcoin (BTC) …
- Bitcoin Cash (BCH) …
- Litecoin (LTC) …
- Ethereum (ETH) …
- Binance Coin (BNB) …
- Tron (TRX) …
- Chainlink (LINK)
How safe is Cryptocurrency?
Cryptocurrencies aren’t backed by a government.
Cryptocurrencies are not insured by the government like U.S. bank deposits are. This means that cryptocurrency stored online does not have the same protections as money in a bank account.
What is body activity data?
The application, entitled “Cryptocurrency System Using Body Activity Data” explains how a “brain wave or body heat emitted from the user when the user performs the task provided by an information service provider, such as viewing an advertisement or using certain internet services, can be used in the mining process.”