Amazon has patented a solution for the market for streaming data using bitcoin

Amazon Technologies, a division of the leading e-commerce company for cloud solutions, Amazon, received a patent for a solution for the streaming data market, allowing subscribers to receive real-time crypto-transaction data. About this writes CoinDesk

The patent describes a system that allows individuals and organizations to display data streams for sale on a subscription basis.

In particular, this solution will allow developers to create real-time toolbars, intercept exceptions and generate alerts, make recommendations and make other business and operational decisions in real time.

Potential cases for such a market include the analysis of site traffic, marketing and financial information, data on social networks, data accounting and other application scenarios.

At the same time, the publication draws attention to the fact that one of the cases is directly focused on the crypto-currency market. As stated in the patent specification, individual data flows, for example, transaction data of bitcoin and other crypto currency, may not in themselves represent value. However, the combination of such data with additional sources can make them more valuable.

At the same time, the publication draws attention to the fact that one of the cases is directly focused on the crypto-currency market. As stated in the patent specification, individual data flows, for example, transaction data of bitcoin and other cryptocurrency, may not in themselves represent value. However, the combination of such data with additional sources can make them more valuable.

 

“For example, an online rite group that accepts bitcoin transactions may have a delivery address that correlates with the address of the bitcoin-purse. Retailers can combine the shipping address with bitcoin-transaction data to create correlated data and publish these combined data as a stream, “the patent says.

Amazon also notes the potential interest in this market by law enforcement agencies.

“Law enforcement agencies can be its customers and receive data on global bitcoin transactions across countries and with ISP data, which will allow them to determine the source IP addresses and delivery addresses that correlate with the addresses of bitcoin-purses,” the authors of the patent said.

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