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EriChen
2021-08-26

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Microsoft Wins Blockchain Patent For Implementing Cross Chain Token Service

What Happened: Multinational tech giant Microsoft Corporation has been awarded a patent for implemen

Microsoft Wins Blockchain Patent For Implementing Cross Chain Token Service

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Each of these will correspond to a type of physical or digital asset and define a set of one or more attributes and control functions.</p>\n<p><b>Why It Matters:</b>&nbsp;Essentially, the ledger independent token service will act as the common interface for transacting with all tokens&nbsp;across all distributed ledger networks and platforms&nbsp;created through the service.</p>\n<p>It will also serve as a mechanism for standardizing the tokenization of physical and digital assets.</p>\n<p>“With the foregoing features, the ledger-independent token service can empower individuals and organizations to build applications and business logic involving tokens more easily and efficiently than before,” stated the filing.</p>\n<p>Blockchain interoperability is the need of the hour in the crypto space and a number of crypto projects are actively involved in building solutions on this front.</p>\n<p><b>What Else:</b>&nbsp;Decentralized oracle network&nbsp;<b>Chainlink</b>&nbsp;(CRYPTO: LINK) recently&nbsp;announced&nbsp;a Cross-Chain Interoperability Protocol (CCIP).</p>\n<p>Chainlink Founder Sergey Nazarovdescribedthe protocol as one that solves the security issues of existing bridges through the proper use of cryptographic primitives.</p>\n<p>CCIP will also introduce a token bridge that will allow users to move their tokens across any blockchain network in a secure, scalable, and cost-efficient manner.</p>\n<p><b>Price Action:</b>&nbsp;Microsoft shares closed 0.20% lower on Wednesday at a price of $302.01.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Wins Blockchain Patent For Implementing Cross Chain Token Service\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-26 22:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>What Happened:</b>&nbsp;Multinational tech giant&nbsp;<b><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corporation</b>&nbsp;has been awarded a patent for implementing a “ledger-independent token service.”</p>\n<p>According to the&nbsp;grant issued&nbsp;by the United States Patent and Trademark Office (USPTO), the patent will allow Microsoft to build&nbsp;a system that facilitates the creation and management of tokens across multiple blockchain networks.</p>\n<p>The computer system can also provide token templates to the user. Each of these will correspond to a type of physical or digital asset and define a set of one or more attributes and control functions.</p>\n<p><b>Why It Matters:</b>&nbsp;Essentially, the ledger independent token service will act as the common interface for transacting with all tokens&nbsp;across all distributed ledger networks and platforms&nbsp;created through the service.</p>\n<p>It will also serve as a mechanism for standardizing the tokenization of physical and digital assets.</p>\n<p>“With the foregoing features, the ledger-independent token service can empower individuals and organizations to build applications and business logic involving tokens more easily and efficiently than before,” stated the filing.</p>\n<p>Blockchain interoperability is the need of the hour in the crypto space and a number of crypto projects are actively involved in building solutions on this front.</p>\n<p><b>What Else:</b>&nbsp;Decentralized oracle network&nbsp;<b>Chainlink</b>&nbsp;(CRYPTO: LINK) recently&nbsp;announced&nbsp;a Cross-Chain Interoperability Protocol (CCIP).</p>\n<p>Chainlink Founder Sergey Nazarovdescribedthe protocol as one that solves the security issues of existing bridges through the proper use of cryptographic primitives.</p>\n<p>CCIP will also introduce a token bridge that will allow users to move their tokens across any blockchain network in a secure, scalable, and cost-efficient manner.</p>\n<p><b>Price Action:</b>&nbsp;Microsoft shares closed 0.20% lower on Wednesday at a price of $302.01.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143651570","content_text":"What Happened: Multinational tech giant Microsoft Corporation has been awarded a patent for implementing a “ledger-independent token service.”\nAccording to the grant issued by the United States Patent and Trademark Office (USPTO), the patent will allow Microsoft to build a system that facilitates the creation and management of tokens across multiple blockchain networks.\nThe computer system can also provide token templates to the user. Each of these will correspond to a type of physical or digital asset and define a set of one or more attributes and control functions.\nWhy It Matters: Essentially, the ledger independent token service will act as the common interface for transacting with all tokens across all distributed ledger networks and platforms created through the service.\nIt will also serve as a mechanism for standardizing the tokenization of physical and digital assets.\n“With the foregoing features, the ledger-independent token service can empower individuals and organizations to build applications and business logic involving tokens more easily and efficiently than before,” stated the filing.\nBlockchain interoperability is the need of the hour in the crypto space and a number of crypto projects are actively involved in building solutions on this front.\nWhat Else: Decentralized oracle network Chainlink (CRYPTO: LINK) recently announced a Cross-Chain Interoperability Protocol (CCIP).\nChainlink Founder Sergey Nazarovdescribedthe protocol as one that solves the security issues of existing bridges through the proper use of cryptographic primitives.\nCCIP will also introduce a token bridge that will allow users to move their tokens across any blockchain network in a secure, scalable, and cost-efficient manner.\nPrice Action: Microsoft shares closed 0.20% lower on Wednesday at a price of $302.01.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Microsoft Wins Blockchain Patent For Implementing Cross Chain Token Service

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