Microsoft wins US patent for ‘ledger-independent token service’
Microsoft’s new device is designed to allow developers to write code for managing tokens in a manner that is blockchain agnostic. American tech giant Microsoft has won a blockchain-related patent for techniques for implementing a cross-chain token management system.The United States Patent and Trademark Office (USPTO), the agency granted the patent to Microsoft’s subsidiary Microsoft Technology Licensing on Aug. 24.Filed in February 2019, the patent describes a “ledger-independent token service,” or a software service enabling individuals and organizations to create and manage tokens....
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Goldman Sachs has submitted a patent application focusing on how blockchain could cut out the middle man with transaction costs, claiming that the technology could change the current process. The patent, “Systems and Methods for Updating a Distributed Ledger-Based on Partial Validations of Transactions”, which was published on September 8 by the U.S. Patent and Trademark Office (USPTO), was initially filed in March 2015, making it Goldman Sach’s first blockchain focused patent. Banks Turning to Blockchain. Since the introduction of bitcoin, banks have slowly been turning their attention to....
Gift giving during the holidays just took on a whole new meaning. eBay, the parent company of PayPal, filed patent application20130339188, "Gift Token" with the United States Patent and Trademark Office (USPTO) on June 18, 2012. The USPTO published the application on December 19, 2013. The technology was invented by itsengineers from Tamilnadu, Indiaand assigned to eBay Inc. of San Jose, California. The innocuous sounding application "Gift Token" was probably written in such a way as to shield trade secrets from competitive intelligence gathering. It is common for companies to obfuscate....
Crypto is, no doubt, going mainstream. There is simply no turning back at this point. The question is whether or not people decide to get on the moving train or get left behind. Microsoft, one of the largest companies in the world, does not desire to get left behind, it seems. Short of owning its […]