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Crypto Patent for Amazon’s Real Time Crypto Transaction Got Approved

Amazon’s real-time crypto transaction data patent is approved and has a unique marketplace for people and organizations to provide streaming data feeds. The Crypto patent is recommended for a marketplace where individuals and organization can provide streaming data feeds for sale.

“In the filing incident, Amazon says that some possible usages for streaming data marketplace include “Website Click-streams, marketing, financial information, and manufacturing instrumentation and various social media, operational logs and”

Amazon’s streams

The streams are been valued on their own but would increase performance to associate the data with various sources. For instance, a method can consist to request and receive a first stream of data from a first source through the streaming data marketplace. The abilities to produce alerts and create real-time dashboards help users to suggest various business and operational activities.

In the filing incident, Amazon says that some possible usages for streaming data marketplace include “Website Click-streams, marketing, financial information, and various social media, operational logs and metering data.”

As soon as the initial stream of data is received. It is correlated and combined with a data from the second source as a combined stream. The combined stream is published to the streaming data marketplace. The patent says that law enforcement and finds the marketplace as useful.

Amazon’s crypto journey

For instance, a group of electronic or internet retailers who receive bitcoin transaction can have a shipping address. It is correlated with Bitcoin address. The electronic retailers can associate with shipping address.  The bitcoin transaction data creates a correlated data and republishes the combined data as a combined data stream.

CEO of Streamer, Henri Pihakala During an email a news report as follows “data marketplaces are not the new idea for an initiated business. What is meant by novel creating space which finally provides users an ultimate control over the data which is created through their actions in the digital realm”?

Is Amazon’s marketplace a legit issue to begin a similar data stream?

If Amazon is moving forward with the marketplace, it poses a serious threat to began similar platform. It enhances to structure more decentralized marketplace and possibly gives great impact on the system.

Well, it is amazing to know that Amazon’s crypto transaction patent got approved. Basically, Amazon is an online shopping platform and is endorsing crypto transaction on the platform. Share your thoughts on Telegram and Twitter.

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Sara Noah

Sara Noah is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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