On Tuesday, network tech giant Cisco got a patent that could be applied to the process of mining bitcoin.
Cisco touts the gains of distributed progression in the filing, indicating that its system could be effortlessly scaled and would be tough against certain kinds of attack. Further, "the service supplier can utilize geographic allotment to offload or optimize system loading, in addition to resell low-cost computing, large-scale and storage capacity," the firm noted.
As previously stated, Cisco is among the enterprise technology companies researching blockchain applications particularly in the area of connected devices or the Internet of Things.
The organization has likewise sought patents for other blockchain uses, including one that can leverage the tech to track data for group chats.
[Video] Cisco Claims New Patent Could Apply to Bitcoin Mining
