BOTS, Inc. Files for Patent Protection Regarding Its Method and Device for Proof of Green Power Source Verification for Cryptocurrency Miners as A Part of Its Strategy for Patent Portfolio Development
November 01, 2021 at 03:52 am EDT
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BOTS, Inc. announced that it filed a blockchain-based provisional patent application in the United States Patent Office (USPTO). The patent application is directed to a method and devices for proof of power source verification for cryptocurrency miners. BTZI believes that this technology will become the gold standard for the Source of Power Verification. The primary function of this Intellectual Property is using a Blockchain to provide certification as to the "carbon footprint" of the specific mined cryptocurrency. This technology centers around the "Concept" of a Proof of Power record that must be simultaneously or independently written to the identical cryptocurrency Blockchain, or alternatively, to a different Blockchain altogether. This concept may or may not include the actual verification of the source of green energy used. Additionally, the Patent covers the Intellectual Property Protection for the supporting hardware of this technology. This hardware includes transfer switches, smart meters, smart breakers, distribution panels, and isolation switches. This hardware development will enable The Company to grow into a hardware manufacturer of smart, Proof of Power Devices, thereby adding an additional huge revenue stream with further market diversification. Another benefit of developing this Power Verification hardware is that these devices could be used in all power markets.
Bots Inc is a Puerto Rico-based technology company, which provides tailormade automation solutions to business customers. The Companyâs offering includes Artificial Intelligence (AI) Bots, Blockchain and Cyber Security services. AI Bots consist of chatbots that can automatically respond to user-protected chat messages in real-time. It provides programming services. Blockchain offers blockchain application development services. Cyber Security services include Penetration Tests, Security Audits and Incident Response. Penetration Tests comprises Web and Mobile Applications Testing, Information Technology (IT) Infrastructure Testing and Breach and Attack Simulation. Security Audits cover Gaps Analysis, Configurations Review, Secure Architecture Design and Cloud Review. Incident Response consist of Malware Analysis, Network Analysis and Computer Forensics. Additionally, the Company is developing several projects mostly focused on financial technologies, such as cryptocurrencies.
BOTS, Inc. Files for Patent Protection Regarding Its Method and Device for Proof of Green Power Source Verification for Cryptocurrency Miners as A Part of Its Strategy for Patent Portfolio Development