Microsoft Won A Patent For Developing Cross Blockchain Token Solutions

On 24th August 2021, Microsoft (MSFTwon a patent to develop a crypto token management system. The company recently made its deep interest in the crypto world public. The developments are big news for the crypto blockchain world. For example, once the tech giant will fully implement and adopt the blockchain, it should result in more crypto adoption.

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The Ledger Independent Token Service

On Tuesday, USPTO, the US patent regulators, awarded Microsoft the patent filed in 2019. This patent allows Microsoft to create a system called the Ledger Independent Token Service. The idea is to provide a system/interface compatible with several blockchains.

Developers will also be able to generate codes compatible with many systems. This system gives unique token templates, each like either digital or real-world assets.

The recent patent involves systems like JP Morgan’s Blockchain, IBM-backed Hyperledger Fabric, and Ethereum. Microsoft gets the patent when there is a dire need for blockchain interoperability in the crypto world. Also, other projects like Chainlink have been trying to provide oracle systems to help in chain interactions. Microsoft’s solution seems to be a more comprehensive one that would create more efficiency.

Microsoft’s Interest in Blockchain Technology

Microsoft has shown interest in blockchain technology in the past few years. The recent patent is not the only patent the company is planning to get. In March 2020, Microsoft filed a patent for creating alternative ways to mine crypto. They highlighted that body functions could help in generating mining energy. They aim to replace the proof of work systems that are inefficient.

The document reads:

“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.”

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