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Microsoft Wins Patent For Ledger-Independent Token Service

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Microsoft Wins Patent For Ledger-Independent Token Service

Microsoft’s subsidiary, Microsoft Technology Licensing, has recently won a patent for a “ledger-independent token service”, which was granted by the US Patent and Trademark Office on Tuesday.

Filed back in February 2019, the patent describes a software service that allows both individuals and organizations to manage and create tokens across multiple distributed ledger networks and platforms. The platforms listed in the patent filing include ETH, Hyperledger Fabric, Quorum, R3 Corda and Chain Core.

The objective of the system is to provide users with one or more “token templates.” Each of the token templates equates to a type of physical or digital asset. The service enables users to manage the lifecycle of across multiple blockchain tokens from a single interface.

The authors of the patent said that the system “makes development more efficient for emerging business use-cases that involve crossing ledger boundaries.”

The post Microsoft Wins Patent For Ledger-Independent Token Service appeared first on SuperCryptoNews.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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