Rage Review: Tech giant Microsoft is reportedly developing a new cryptocurrency system that allows individuals to use their physical activity data for crypto mining, eliminating the need for dedicated mining machines. In order to stay ahead of their competitors, tech companies are constantly experimenting with cryptocurrency and blockchain technology. Author: Ana Alexandre | Translated by: MayaOn March 26, Microsoft released a patent document titled "Cryptographic System Based on Physical Activity Data". The document details a new way to mine using user-related physical data, thereby experimenting with a new form of proof of work. The document reads:
To achieve this process, the server provides tasks to the user device that is communicatively coupled to it. Then, a dedicated sensor will transmit the individual's physical activity data, and the encryption system will verify whether the physical activity data meets the conditions set by the encryption system. Finally, the system grants the cryptocurrency to the user whose physical activity data is verified. Blockchain patents are all the rage In order to stay ahead of their competitors, technology companies are constantly experimenting with cryptocurrencies and blockchain technology. In the United States alone, the U.S. Patent and Trademark Office approved 227 blockchain-related patents from January 2014 to October 2019. Recently, another tech giant, IBM, has won a so-called "self-aware token." The idea behind its development is that the adoption of new forms of money will raise questions about the ability to verify and coordinate transactions between different payment and transaction methods that rarely interact with traditional forms of money. Coinbase CEO Brian Armstrong has also filed a patent that would enable users to pay using an email address tied to a wallet address without incurring transaction fees. |
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