Cryptocurrency mining is one of the ways to start stacking digital assets, and it appears that the tech giant Microsoft has come up with a new idea. The company has filed a patent application for an innovative system to mine cryptocurrencies.Microsoft And Cryptocurrency MiningOne of the leading technology companies in the world, Microsoft, is seeking patent protection from the World Intellectual Property Organization (WIPO). According to the application, sensors could detect certain activities associated with specific tasks.These might include time spent viewing ads on your phone and convert it into information that’s readable by computers and used to solve computational problems – just like the conventional proof-of-work system.What is more, the system could also task users to perform
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Cryptocurrency mining is one of the ways to start stacking digital assets, and it appears that the tech giant Microsoft has come up with a new idea. The company has filed a patent application for an innovative system to mine cryptocurrencies.
Microsoft And Cryptocurrency Mining
One of the leading technology companies in the world, Microsoft, is seeking patent protection from the World Intellectual Property Organization (WIPO). According to the application, sensors could detect certain activities associated with specific tasks.
These might include time spent viewing ads on your phone and convert it into information that’s readable by computers and used to solve computational problems – just like the conventional proof-of-work system.
What is more, the system could also task users to perform certain tasks to enhance the process.
“Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system. A server may provide a task to a device of a user which is communicatively coupled to the server. A sensor communicatively coupled to or comprised in the device of the user may sense body activity of the user. Body activity data may be generated based on the sensed body activity of the user.
The cryptocurrency system communicatively coupled to the device of the user may verify if the body activity data satisfies one or more conditions set by the cryptocurrency system, and award cryptocurrency to the user whose body activity data is verified.” – Reads the document.
Naturally, even though the patent application has been filed, it’s unclear whether Microsoft will move forward on developing it.
Microsoft And The Cryptocurrency Industry
Being one of the leaders in the conventional tech field, Microsoft is also involved in the field of cryptocurrencies to a certain extent.
The mogul is involved with Bakkt, the Bitcoin futures trading platform, and a daughter-company of the Intercontinental Exchange (ICE). Most recently, Bakkt completed a $300 million Series B financing, and among the leading investors was Microsoft’s M12.
It’s interesting to see whether Microsoft will get more involved in the field, especially now when its merit is put to the test.