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. This is reported by 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 website traffic, marketing and financial information, data on social networks, data accounting and other application scenarios.
One of the cases is directly focused on the cryptocurrency 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.
For example, a group of electronic or internet retailers who accept bitcoin transactions may have a shipping address that may correlate with the bitcoin address. The electronic retailers may combine the shipping address with the bitcoin transaction data to create correlated data and republish the combined data as a combined data stream. For example, a law enforcement agency may be a customer and may desire to receive global bitcoin transactions, correlated by country, with ISP data to determine source IP addresses and shipping addresses that correlate to bitcoin addresses. The agency may not want additional available enhancements such as local bank data records. The streaming data marketplace may price this desired data out per GB (gigabyte), for example, and the agency can start running analytics on the desired data using the analysis module.
At the end of last year, Amazon registered web domains, the names of which consist of the words "cryptocurrency" and "Ethereum".