THELOGICALINDIAN - As above companies clutter to the apparent appointment to book blockchainrelated applications Cisco aims to advance a arcane accumulation communications adjustment utilizing Bitcoins basal technology
According to an official United States Patent Application appear on March 29, multinational technology amassed Cisco is absorbed in developing a arcane accumulation communications adjustment utilizing blockchain technology.
As described in the filing’s abstract, Cisco is absorbed in patenting:
The adjustment would aim to admittance “ad-hoc and decentralized accumulation definition, activating and decentralized associates updates, accessible sharing, alter resistance, and tracking of associates history” to be acclimated in applications such as “enabling end-to-end encryption of burning messaging, agreeable sharing, and streamed media.”
In laymen’s terms, the technology behemothic is planning on application blockchain technology to accomplish arcane accumulation messaging easier and added secure, by utilizing cryptographic keys aggregate amid accumulation participants to authorize a peer-to-peer network.
This latest apparent appliance is not the aboriginal fabricated by Cisco in commendations to blockchain solutions. The company’s latest appliance was filed on December 4, 2017 — about eight months afterwards the aggregation filed a antecedent blockchain-based Internet-of-Things accessory for identity analysis and aberration detection.
The absolution of Cisco’s apparent appliance alone serves as addition archetype acceptance above corporation’s absorption in Bitcoin’s basal technology.
In fact, the blitz to abide apparent applications for blockchain-related projects is rapidly accretion – and China is currently in the lead. According to abstracts sourced from the World Intellectual Apparent Organization by Thomson Reuters, added than bisected of 2017’s 400 blockchain-related apparent applications came out of the not-so-cryptocurrency-friendly country. For comparison, the United States came in additional with 91 applications.
Other notable apparent applications that accept been appear afresh accommodate the United Parcel Service’s (UPS) affairs to advance Bitcoin as a adjustment of acquittal for a new decentralized locker system.
A apparent appliance from Intel has additionally been appear on March 29, illustrating the technology giant’s affairs to create “A System on Chip implementing a Bitcoin mining accouterments accelerator [which] may accommodate a processor amount and a accouterments accelerator accompanying to the processor core.” Such accouterments could potentially advice accomplish Bitcoin mining assisting for individuals and abate groups already more.
What do you anticipate about above corporations like Cisco, Intel, and UPS hasty to advance blockchain solutions? Do you anticipate these apparent applications serve to advice legitimize blockchain technology and cryptocurrency? Let us apperceive in the comments below!
Images address of Shutterstock, DepositPhotos, Cisco
