Microsoft's foray into the cryptocurrency space took an intriguing turn in 2019 when the tech giant filed a patent for a unique system that proposed using body activity as a form of proof of work. This concept aimed to revolutionize the mining process by moving away from traditional, energy-intensive methods. The source notes that this innovative approach could potentially lead to more sustainable practices in the industry.
Innovative Biometric System for Cryptocurrency Transactions
The patent outlined a system that would leverage biometric data, such as brain waves and facial movements, to validate transactions and secure the network. This innovative approach was seen as a potential solution to the environmental concerns associated with conventional cryptocurrency mining, which often requires significant computational power and energy consumption.
Microsoft's Decision to Abandon the Patent
Despite the promise of this technology, Microsoft ultimately abandoned the patent application in 2021. The decision raises questions about the feasibility and practicality of integrating biometric data into blockchain systems as well as the company's broader strategy in the rapidly evolving crypto landscape.
In a recent development, the American Innovation Project has launched a new fellowship program aimed at bridging technology and policy, particularly in fields like cryptocurrency. This initiative contrasts with Microsoft's earlier efforts in the crypto space, which included a now-abandoned patent for a biometric mining system. For more details, see fellowship program.
