Microsoft Receives US Patent for “Token Service Independent of Ledger”

The US technology giant Microsoft has obtained a blockchain-related patent for the implementation of a cross-chain token management system.

United States Patent and Trademark Office (USPTO) indeed On Tuesday, Microsoft Technology Licensing, a subsidiary of Microsoft, obtained the patent.

The patent, filed in February 2019, describes a “ledger-independent token service,” or a software service that enables individuals and organizations to create and manage tokens across multiple distributed ledger networks and platforms.

Examples of such platforms in patent applications include the main blockchain platform Ethereum, IBM-backed Hyperledger Fabric, JPMorgan Chase’s enterprise blockchain platform Quorum, R3 Corda, and Chain Core.

The described computer system aims to provide users with one or more “token templates”, where each template corresponds to a physical or digital asset. The ledger-independent token service is designed to serve as a single interface for managing the life cycle of tokens across multiple blockchains, allowing developers to write “in a way independent of the underlying distributed ledger network” for transactions and management. The code of the currency.

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According to the author of the patent, the described system “makes the development of new business use cases involving cross-ledger boundaries more efficient.”

In recent years, Microsoft has been actively participating in the development of blockchain and has submitted a large number of patent applications related to the cryptocurrency industry.Last year, the tech giant Apply for a patent for the cryptocurrency system Enable individuals to mine cryptocurrency using their physical activity data to eliminate the need for dedicated mining equipment.