Cisco received a patent which can be applied to the mining of bitcoin, CoinDesk reports.
According to the US Patent and Trademark Office, Cisco filed a patent application for the "crowdsourcing system for cloud computing" back in September 2015. It describes how people can offer the unused computing resources of their PCs for various tasks, including energy-intensive mining.
As stated in the application, for this the user can share his resources and thereby create a dedicated computing system that can be used as a "cloud". Later, this "cloud" can be used for other tasks.
This model is suitable for, among other things, offering distributed processing and services that can be optimized for speed, volume, scale and resiliency, cost, and regulatory compliance--for example, distributed neighborhood theft protection systems, or cluster, city or municipality county relevant services... One such case involves bitcoin mining, which may be very computational intensive and is typically more convenient for every participant when done in 'mining pools.
Cisco also reported on the advantages of distributed computing, such as ease of scaling and resistance to certain types of attacks. In addition, the company writes that "the service provider can use geographic distribution to offload or optimize network loading, as well as to resell large-scale, low-cost computing and storage capacity."
Cisco is one of a number of enterprise technology companies researching applications of blockchain, particularly in the area of connected devices or the Internet of Things.