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Tech giant, Microsoft, is looking to develop a cryptocurrency system which enables individuals to mine cryptocurrency using their body activity data, eliminating the need for specialized mining machines. Microsoft published a patent dubbed “Cryptocurrency system using body activity data” on March 26. Their paperwork details a method of crypto mining which exploits data associated with a user’s body activity to exercise a new form of proof-of-work. The document further details:“For example, a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process.”Diagram of the invention. Source: PatentscopeTo implement the process, a server provides a task to a user’s device, which is communicatively coupled to the server. A special sensor then indicates body activity of the individual, while a cryptocurrency system verifies whether or not the body activity data satisfies the conditions set by the cryptocurrency system. Ultimately, the system awards cryptocurrency to the user whose body activity data is verified. Technology companies continue to experiment with cryptocurrency and blockchain in an attempt to remain a step ahead of their rivals. In the United States alone, the United States Patent and Trademark Office granted 227 blockchain-related patents from January 2014 to 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. Brian Amstrong, the CEO of Coinbase, patented a method that enables users to make Bitcoin (BTC) payments using email addresses tied to wallet addresses, without incurring transaction fees.
All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/microsoft-files-patent-for-crypto-mining-system-using-body-activity-data
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Microsoft Files Patent For Crypto Mining System Using Body Activity Data: https://www.youtube.com/watch?v=Thb7BsZiiV0