Microsoft has several patent applications related to blockchain technology (Mike Blake/Reuters)
Microsoft acquired in the United States, patent registration For software that can help its users develop blockchain applications by making it simpler and more efficient to create cryptocurrencies for various DLT networks – such as blockchain.
According to the patent, creating and managing tokens is currently a “difficult and cumbersome” task due to the lack of standardization across different networks, a problem that has been addressed by Microsoft products, a standalone tool to help users create and manage tokens across multiple blockchains. Describes as System. you want to solve.
The patent cites examples of networks it wants to interact with, Ethereum, Hyperledger Fabric (created by IBM), Quorum (JP Morgan), R3 Corda and Chain Core.
Upon receiving a user request, the system provides templates with various features, functions and controls, which can be selected according to the type of cryptoactive desired, for example, a digital or physical asset.
After the user selects the desired template and attributes and characteristics for his cryptoactive, the system generates tokens in the selected blockchain.
The system also provides a simple token management interface, so developers don’t have to worry about programming token specifications to interact with them.
The US Patent and Trademark Office (USPTO) granted the patent to Microsoft on Tuesday, 24, but the company’s application was made in February 2019.
Microsoft has shown great interest in blockchain technology, with several related patent applications. The most famous of them intends to, from 2020, patent a system to mine cryptocurrencies with the energy produced by physical activity in the human body. Recently, the company also announced that it intends to use the Ethereum network to combat internet theft.
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