Alibaba Payments Subsidiary Launches AntChain Blockchain Solution

Alibaba Payments Subsidiary Launches AntChain Blockchain Solution

Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes.

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The payments subsidiary of the Chinese e-commerce giant Alibaba, Ant Group, today launched a new blockchain solution dubbed AntChain. 

According to a report published on South China Morning Post, AntChain is built on top of Ant Group’s blockchain technology combining artificial intelligence, Internet of Things (IoT), secure computation and other technologies.

As part of the AntChain initiative, the Ant Group has built a new workstation similar in size to a laptop. It comes with built-in software and hardware accelerator meant to smoothen the functioning of blockchain applications.

AntChain’s workstation can reportedly reduce the set-up time to one-tenth of the usual and can increase transaction speeds by 30%. 

Over 100 million digital records uploaded daily

Ant Group stepped into the blockchain space in 2015 and started working on commercial applications on its blockchain last year. It now claims that it can support over one billion user accounts and process up to a billion transactions per day.

The company said that almost 100 million digital records including transaction details, copyright and property ownership certificates are uploaded onto AntChain every day. 

Ant Group has shown remarkable interest in the blockchain industry. In January this year, the company also announced the launch of an enterprise-focused blockchain platform called Ant Blockchain Open Alliance.

In an official statement, Li Jieli, the general manager of blockchain solutions and innovations at Ant said, “The application of industry blockchain is still at an early stage and [it] will support digital transactions, reducing costs in various industries as the digital economy develops.”


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Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes.

Alibaba Signs Blockchain-Related Deal With Chinese Port Operator

Alibaba Signs Blockchain-Related Deal With Chinese Port Operator

The biggest port operator in China joined the e-commerce giant and Ant Financial to strengthen blockchain’s adoption across the port industry.

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China’s biggest port operator, China Merchants Port, reached a deal on May 28 with the e-commerce giant, Alibaba Group, and its affiliate, Ant Financial. This deal will allow for the development of a blockchain-based platform, which will target a number of different use cases.

According to local media, the platform will allow buyers, sellers, logistic companies, banks, customs, and tax officials to conduct contactless digital export and import transactions.

The companies will promote an in-depth integration of blockchain technology in the port industry. Their goal is to become the world’s first blockchain-based digital port with an open collaboration network.

Implementing blockchain technology within the port business model

The report details that the port is a core node connecting the international commercial trading and logistics industry chain, emphasizing the need to apply an expeditious data sharing scheme with the help of blockchain technology.

With the project, all parties hope to “promote the rapid innovation and upgrade of the port business model” in China.

Jing Xiandong, chairman of Ant Financial Group, praised the announcement, commenting:

“Blockchain will be the key infrastructure to reshape international trade and logistics. (…) As the engine for multi-party restructuring collaboration, Ant Blockchain technology will be the best solution.”

An “ambitious” project that aims to strengthen blockchain adoption

China Merchants Port has 50 ports in 26 countries and regions around the world. Each plays a pivotal role in supporting global trade, according to Lieyunwang.

On May 9, Cointelegraph reported that a Chinese province joined the blockchain ecosystem with the announcement of a cross-border financial services platform.

Various Chinese government officials announced China’s Blockchain-based Service Network on April 27. This is now available for global commerce and aims to help blockchain projects create and run new blockchain applications for a lower cost.


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The biggest port operator in China joined the e-commerce giant and Ant Financial to strengthen blockchain’s adoption across the port industry.

Alibaba Subsidiary Ant Financial Launches New Consortium Blockchain Platform for SMEs

Alibaba Subsidiary Ant Financial Launches New Consortium Blockchain Platform for SMEs

Ant Financial’s new consortium blockchain platform may push blockchain technology to the masses

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Ant Financial — the Chinese fintech company formerly known as Alipay— has launched a new consortium blockchain platform called OpenChain.

According to an announcement on April 16, the platform would allow developers and small and micro enterprises to utilize innovative blockchain tools. They can now explore the technology further and develop better applications and smart contracts on the blockchain.

Ant Financial’s General Manager, Jin Ge, claims that the launch of OpenChain will boost the efforts of almost one million SMEs and developers over the next three years.

Pushing blockchain beyond tech and financial giants

According to the release, SMEs and developers would be able to use various combinations of the available tools to create products related to supply chain finance, product provenance, digital invoices, and charitable donations. This can help diversify the reach of blockchain technology across different verticals.

Wu Xiao, CEO of WhiteMatrix—a firm that has been using OpenChain to develop smart contracts for developers—compared OpenChain to other blockchain platforms including Ethereum saying:

“The platform facilitates cost-effective smart contracts, and lowers the entry barrier for developers. Not only are OpenChain’s transaction speeds several times faster than public blockchain platforms like Ethereum, but the cost per transaction is only one-tenth of others.”


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Ant Financial’s new consortium blockchain platform may push blockchain technology to the masses

China Sees New Blockchain Innovation Alliance, With Huawei and Alibaba as Members

China Sees New Blockchain Innovation Alliance, With Huawei and Alibaba as Members

Major companies such as Huawei and Alibaba join China’s new blockchain innovation alliance, and more than 100 other global enterprise follow suit

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China has welcomed its first provincial-level Blockchain Innovation Alliance on April 14, according to ChinaNews. 

Major enterprises settles 

More than 100 well-known enterprises, both domestic and foreign, have joined the alliance. Members include Inspur, Tsinghua Unigroup, Huawei, IBM, Tencent, Alibaba and Baidu, according to the announcement. 

The Alliance is located in the intelligent industry cluster in Yuzhong District.  It aims to build an open platform for blockchain communication, cooperation, innovation, and application among joint enterprises. 

Major players in China’s communications industry join with scientific research institutes on the alliance. Luo Qingquan, Director of Chongqing Big Data Development Bureau added that: 

“The establishment of the Alliance in Chongqing, facing the whole country, serving the construction of the “Belt and Road”, and gathering elite enterprises from all walks of life, will certainly play an important role in the development of Chongqing’s blockchain application innovation industry.”

Public blockchain service platform will play an important role

During the opening, the Alliance also announced its official launch of a public service blockchain platform, “Yu Express Chain”. The platform is based on Inspur Blockchain Services (IBS) and will serve as a blockchain engine and development services provider. 

Zhang Fan, the vice president of the Inspur Group added that: 

“Yu Express Chain” will drive the industry to gather and develop. In the next five years, it will strive to realize the number of core enterprise patent applications of 1,000, serve enterprises and institutions, create 20 in-depth blockchain application scenarios, and drive enterprises to create an output value of 5 billion Renminbi.

As Cointelegraph reported earlier last month, the central Chinese province of Hunan established its first blockchain zone.


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Major companies such as Huawei and Alibaba join China’s new blockchain innovation alliance, and more than 100 other global enterprise follow suit

Alibaba Imports E-Commerce Platform Adopts Blockchain Traceability System

Alibaba Imports E-Commerce Platform Adopts Blockchain Traceability System

E-commerce giant Alibaba integrates blockchain technology into its import platform to make consumer goods traceable

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Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. 

Blockchain increases logistic transparency 

The report revealed that the integration of Ant Financial’s blockchain in the Koala platform allows online buyers to find out the purchasing goods detailed logistic information through scanning a QR code with Alipay. 

The updated Koala application is designed to provide consumers with a traceable icon after completing the purchase on the order page. A blockchain QR code and an anti-counterfeit fingerprint sign will be added on the page, says the source. 

Alibaba Group bought Koala for about $2 billion in late 2019. A journalist told the local news that this traceability blockchain system was developed after the acquisition. 

The plan for Koala is to continue to apply blockchain to platform merchants and overseas direct mail services and to reach 62 countries and regions with 2,897 product categories and 7,432 brands. 

Alibaba told the local media that adding blockchain technology to the import e-commerce platform can address the industry’s traditional pain points like tracking, mismatching goods and logistics information, and difficulty determining responsibility for the logistics chain.

Blockchain becomes popular among logistic industries 

As Cointelegraph reported previously, air cargo company is adopting blockchain technology to save $400M a year for its industry and IBM Indonesia joined TradeLens’s blockchain-based shipping platform.


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E-commerce giant Alibaba integrates blockchain technology into its import platform to make consumer goods traceable

Alibaba Files for a Blockchain Transaction System in Brazil

Alibaba Files for a Blockchain Transaction System in Brazil

Alibaba Group has registered a new patent in Brazil to establish a transaction system based on blockchain

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Chinese e-commerce giant Alibaba has registered a blockchain-based system patent in Brazil under the category of „insurance,“ „financial business“ and „monetary business,” according to the March 10th edition of the Industrial Property Magazine (NPI).

As reported by the NPI, the name of the mechanism is “Ant Unicorn.”

Regarding the financial solution, the patent covers real estate services, credit card payment systems, invoice processing and the strengthening of security to process transactions.

The report does not specify whether the initiative will be implemented in Brazil.

Ant Unicorn technology to be present in the currency trading

Below are the specifications of the patent as registered in NPI:

„Foreign currency transfer services; foreign currency exchange; currency trading; currency broker; financial transactions through blockchain.“

Ant Unicorn would also enter the field of credit card issuance and utility bill payment solutions.

However, the solution highlights within the patent’s filing that they will have a particular focus on the real estate market.

The patent continues to mention blockchain technology as the matrix of the system: 

„Provision of loans; granting of temporary loans; financial transactions through blockchain.“

The blockchain is not an unknown technology in Brazil and continues to gather popularity. As reported by Cointelegraph Brazil on July 12, the Brazilian state of Bahia has launched a blockchain application to track the process of public bidding on government contracts.


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Alibaba Group has registered a new patent in Brazil to establish a transaction system based on blockchain

Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K

Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K

GBTC has beaten the likes of Microsoft and Alibaba in terms of equity holdings at Charles Schwab

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Millennials prefer to hold Bitcoin (BTC) equity than invest in some of the world’s best-known companies, surprising new data reveals. 

In a report originally released in November, Charles Schwab, one of the United States’ biggest brokerage firms, shed new light on the increasingly pro-Bitcoin stance of Millennials compared to previous generations. 

GBTC makes inroads at Charles Schwab

1.84% of assets held as equity with Schwab are for the Grayscale Bitcoin Trust (GBTC), a Bitcoin investment vehicle that saw record participation in 2019. 

This is more than equity Millennials held in Berkshire Hathaway, Netflix, Disney Corp., and even Microsoft and Alibaba.

By contrast, Grayscale did not figure in the top choices of Generation X and Baby Boomer investors. Apple constituted the most popular overall equity holding across all three cohorts.

Reacting to Grayscale, Whittemore crypto marketing firm founder, Nathaniel Whittemore, described the company’s progress as “crazy.”

Twitter responses further alluded to the incoming transfer of wealth to Millennials from their predecessors. As Cointelegraph reported, the inheritance total could near $70 trillion, which would fall into the hands of those much more likely to expose their wealth to Bitcoin. 

$10,000 returns to BTC market

GBTC itself meanwhile currently trades with an implied BTC/USD price above $10,000, something, which it last achieved on Jan. 7 and previously in mid-November. 

Historical price data for GBTC

Historical price data for GBTC. Source: Grayscale

The premium for GBTC now stands at almost 8%, reflecting a common assumption that institutional interest overall in Bitcoin is growing. 

At the same time, commentators predict a decrease in the premium occurring in sync with the 12-month timeout for two specific trading weeks last year.

Uploading a chart from Grayscale’s annual Digital Asset Investment Report, Coinmetrics.io co-founder and Castle Island Ventures partner Nic Carter forecast earlier this month:

“I’d be willing to bet that the GBTC premium will be crushed to single digits on the week of July 15, 2020, and October 21, 2020.” 

GBTC weekly investment tallies for 2019

GBTC weekly investment tallies for 2019. Source: Grayscale


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GBTC has beaten the likes of Microsoft and Alibaba in terms of equity holdings at Charles Schwab

Alibaba Filmmaking Arm to Distribute New Movie Rights via Tokens: Report

Alibaba Filmmaking Arm to Distribute New Movie Rights via Tokens: Report

Alibaba’s filmmaking arm Alibaba Pictures signed an agreement with SingularDTV to tokenize the distribution rights of its new movie

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Alibaba Group’s movie-making arm Alibaba Pictures reportedly plans to tokenize distribution rights for its new film „Striding into the Wind,” Chinese English-language publication China.org.cn reports on Nov. 22.

The company has purportedly signed an agreement with New York-based decentralized entertainment platform Breaker, formerly known as SingularDTV, to distribute the film overseas using its blockchain platform.

Li Jie, senior vice president of Alibaba Pictures and CEO of Alibaba’s ticketing app Taopiaopiao, reportedly announced the news during the China Golden Rooster & Hundred Flowers Film Festival on Nov. 20.

New film will be released on SingularDTV’s Ethereum-based EtherVision

The executive noted that film industry is increasingly discussing the possibilities of blockchain technology in its business models, with Alibaba Pictures actively trying to apply blockchain.

The overseas distribution rights for Alibaba’s „Striding into the Wind” will reportedly be released on SingularDTV’s Ethereum blockchain-based distribution portal EtherVision. According to China.org.cn, the film is the only Chinese mainland film project selected by SingularDTV.

Tokenization is transforming film financing

As recently reported by Cointelegraph, blockchain applications in the film industry, such as the tokenization of movie ownership, could radically change film financing. As it currently stands, film financing is generally limited to a small number of high-wealth investors, but with tokenization, smaller investors could also benefit from a movie’s success.  

In July 2019, Overstock’s cryptocurrency arm tZERO announced that it will tokenize the forthcoming motion picture “Atari: Fistful of Quarters.” In order to finance the movie through blockchain, the firm partnered with the film’s producers to develop token dubbed “Bushnell,” which will be sold by the film production and financing company Vision Tree.

Previously, a Brazilian state-run bank was reported to be funding a documentary film through its own Ether-based stablecoin BNDES.


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Alibaba’s filmmaking arm Alibaba Pictures signed an agreement with SingularDTV to tokenize the distribution rights of its new movie

Alibaba Subsidiary Ant Financial Tests Its Enterprise Blockchain

Alibaba Subsidiary Ant Financial Tests Its Enterprise Blockchain

Alibaba’s financial technology subsidiary started testing its enterprise blockchain

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The financial technology subsidiary of Chinese e-commerce giant Alibaba, Ant Financial, started testing its enterprise blockchain platform.

According to local news outlet Sina Finance on Nov. 20, the senior director of technology and business innovation at Ant Financial, Jieli Li, announced the development at the World Blockchain Summit at Wuzhen. The firm’s plans to launch its own blockchain platform were first reported in September last year.

During the event, Li said that the platform — dubbed Ant Blockchain Open Alliance — will go live three months after the testing period. The platform aims to support small and medium-sized businesses by allowing them to cut costs and expand their reach.

Not so open

While the platform’s name includes the word “open,” Li explained that not everyone will be able to run the network’s nodes. During a Nov. 11 interview with local news outlet CCValue he said:

“As for the selection of node operators, we are more cautious. […] Because to form a credible value network, not only do they need to be a consensus accounting node, but they also need to provide authoritative endorsements.”

Li said that educational and certification institutions are more desirable node operators as they will ostensibly lend credibility to the blockchain. Node partners will be selected based on the industries in which they operate, with physical location in the country being irrelevant. No organization entrusted with running a node has been announced so far.

In September, Ant Financial also partnered with pharmaceutical giant Bayer Crop Science, Monsanto’s owner, to develop a blockchain solution for the food and crop industry.


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Alibaba’s financial technology subsidiary started testing its enterprise blockchain

Alibaba Partners with Lolli to Allow US Shoppers Earn ‘Free Bitcoin’

Alibaba Partners with Lolli to Allow US Shoppers Earn ‘Free Bitcoin’

Alibaba shoppers earn 5% back in Bitcoin while shopping online

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Chinese e-commerce giant Alibaba has partnered with Bitcoin (BTC) rewards shopping app Lolli, enabling its shoppers to earn 5% back in Bitcoin. Alibaba customers can now get Satoshis (sats), the smallest unit of Bitcoin currency, worth 0.00000001 BTC, when shopping “thousands of items online,” Lolli says.

World’s biggest retailer and biggest one-day shopping event

The partnership was announced on Singles Day, a shopping holiday that is celebrated in China on Nov. 11 and is considered to be the world’s biggest one-day shopping event. According to Lolli, Alibaba shoppers spent more than $31 billion on Singles Day in 2018.

Alex Adelman, CEO and co-founder at Lolli, pointed out that the new move is a milestone partnership for Lolli as Alibaba is the largest retailer and e-commerce company in the world.

He stated:

“Our partnership allows our users to earn free bitcoin on millions of products online every day. Arguably the most important piece of this partnership is that it supports our mission of connecting the entire world through commerce.”

Feature is only available in the United States

According to a Coindesk report, the new program will only be available for purchases in the United States. Aubrey Strobel, Lolli’s head of communications, reportedly claimed that residents in China will not be able to participate, and products would be shipped from China to U.S. users.

In the report, Adelman highlighted the firm’s plans to expand globally in 2020 and emphasized that the partnership is a great first step to connect China and the U.S. through Bitcoin and commerce.

Earlier today, Cointelegraph reported on Fold, one of the oldest Bitcoin shopping rewards apps, launching support for home-sharing giant Airbnb today. With the new feature, Fold users can get 3% back in Bitcoin on every stay and experience booked on the platform. The app works in selected countries including the U.S., Australia, Canada, Ireland, Mexico and the United Kingdom, depending on the specific brand.

Regarding Alibaba, the Chinese retail giant has not been friendly to Bitcoin to date. On Oct. 10, Alibaba’s digital payment arm Alipay reiterated its negative stance to Bitcoin, confirming that it will be banning all transactions identified as connected to Bitcoin.


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Alibaba shoppers earn 5% back in Bitcoin while shopping online

Official: Alipay to Ban All Bitcoin-Related Transactions

Official: Alipay to Ban All Bitcoin-Related Transactions

Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declares that it will be banning any transactions related to Bitcoin or other cryptocurrencies

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Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declared that it will be banning any transactions related to Bitcoin (BTC) or other cryptocurrencies.

Combating illicit players

On Oct. 10, Alipay has reiterated its anti-crypto stance in a Twitter thread, elaborating that the company is closely monitoring over-the-counter transactions to identify irregular behavior and ensure compliance with relevant regulations. Alipay wrote:

“If any transactions are identified as being related to bitcoin or other virtual currencies, @Alipay immediately stops the relevant payment services.”

This move comes amid various reports that Alipay is being used for Bitcoin transactions, the company explained.

Binance uses Alipay for buying crypto

On Oct. 9, major crypto exchange Binance confirmed on Twitter that it has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat. 

Binance CEO Changpeng Zhao, also known as CZ, clarified that the exchange is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions.

This announcement followed the implementation of Binance’s peer-to-peer trading for Bitcoin, Ether (ETH) and Tether (USDT) against the Chinese yuan (CNY) earlier, as reported by Cointelegraph.

China’s CBDC plans

Originally founded in China in 2017, Binance made its first strategic investment in Beijing-based crypto and blockchain publication Mars Finance in mid-September 2019. At the time, crypto community was anticipating the People’s Bank of China to develop its own central bank digital currency (CBDC) as Circle CEO stated that no one in the world was closer to launching CBDCs than China.

However, in late September, the bank shattered the expectations, claiming that it has no specific launch date for its CBDC, denying that the country is ready to roll out its new financial asset.


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Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declares that it will be banning any transactions related to Bitcoin or other cryptocurrencies

HTC, Alibaba Join $3M Investment in Blockchain Property Rights Startup

HTC, Alibaba Join $3M Investment in Blockchain Property Rights Startup

HTC and Alibaba join $3 million funding round in Taiwanese blockchain digital property rights startup Bitmark

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Taiwanese blockchain digital property rights startup Bitmark has secured $3 million in a funding round led by Taiwan’s electronics giant HTC.

Specializing in securing digital property rights through blockchain technology, Bitmark will use the investment to expand its sales and marketing efforts, according to a press release published on Sept. 3.

Other investors include Alibaba, DCG and WI Harper

The recent series A funding round was also participated by existing and new investors including Chinese e-commerce giant Alibaba, venture capital firm WI Harper and crypto-focused investor Digital Currency Group, the press release notes.

Phil Chen, Decentralized Chief Officer at HTC, stated that HTC’s investments in blockchain are foundational to their strategy of putting power back in the hands of global end-users. He said in the press release:

„Bitmark’s system for digital property rights greatly expands the promise of blockchain technology by assigning unique ownership for digital assets of all types. It’s an important step in growing the blockchain ecosystem and we look forward to their growth and success.“

Bitmark has seen strong success with partners like KKBOX, Asia’s largest music network, by providing its Bitmark Property System to record rights to digitally streaming music. Other global players such as the University of California, Berkeley, tech firm H2 and pharma giant Pfizer are also on the list of Bitmark’s partners, the press release notes.

Meanwhile, HTC is known for its Bitcoin (BTC)-friendly smartphone, the Exodus 1S, announced in May 2019. Expected to be released at the end of the Q3 2019, the smartphone is claimed to be the first smartphone to support full node capability. Subsequently after the announcement, HTC rolled out in-wallet crypto trading for users of its Exodus 1 smartphone in mid-May.


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HTC and Alibaba join $3 million funding round in Taiwanese blockchain digital property rights startup Bitmark

Alibaba Files US Patent for Blockchain Domain Name Management System

Alibaba Files US Patent for Blockchain Domain Name Management System

Alibaba has filed a patent for a means of systemizing blockchain domain names across chains

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Chinese online retail giant Alibaba has applied for a United States patent entitled “Domain Name Management Scheme for Cross-Chain Interactions in Blockchain Systems.” 

Alibaba filed its latest application on Aug. 15 in a continuation of an application filed in November 2018. According to the filing, Alibaba intends to patent a system that uses what they call a “unified blockchain domain name” (UBCDN) in order to denote and share information. In the system, Alibaba proposes to use a computing system to generate a UBCDN message which contains a blockchain domain name and a chain identifier that is paired with that name.

Specifically, the filing states that the UBCDN message contains “a UBCDN of the blockchain instance, a digital signature of an owner of the UBCDN of the blockchain instance (a UBCDN owner) on the UBCDN, and a domain certificate of the UBCDN.”

As further specified in the patent application, this UBCDN system is intended to be used as a unified means of managing domain names in cross-chain interactions across blockchain systems. The patent cites several instances in which this technology could be useful, including  for blockchain managers. The application reads:

“Furthermore, the UBCDN can include a human readable identifier or label, helping users to memorize and reach a blockchain instance easily, and thus promoting adoption or use of the blockchain instance. As an example, owners or operators of public blockchains, private block chains, or consortium blockchains can choose blockchain domain names that correspond to their names, helping users to remember the identifiers of the blockchain instances.” 

The patent also cites the system as an improvement over existing interoperable blockchain networks, saying:

“Unlike existing cross-chain implementations such as COSMOS, that uses a relay chain for cross-chain interactions, in which each blockchain is assigned an identifier (ID) within the relay chain network but the ID only has a local scope and cannot be reused in other relay chain networks, in the described domain name scheme, the UBCDN can be used and is recognizable globally by all blockchain instances in the unified block chain network.”

Alibaba and intellectual property

As reported by Cointelegraph in May, Alibaba opted to integrate blockchain tech into its intellectual property (IP) system for global enterprises and brands. This new system would purportedly let international brands upload electronic deposits on Alibaba’s blockchain-based platform, allowing them to file complaints relating to intellectual property protection.


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Alibaba has filed a patent for a means of systemizing blockchain domain names across chains

E-Commerce Giant Alibaba to Integrate Blockchain Into Intellectual Property System

E-Commerce Giant Alibaba to Integrate Blockchain Into Intellectual Property System

Alibaba is in the process of upgrading the filing of intellectual property rights by utilizing blockchain technology

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Chinese e-commerce giant Alibaba will integrate blockchain technology into its intellectual property system of global enterprises and brands, local news outlet Sohu reported on May 23.

Ali Xizhi, the company’s director of intellectual property protection, reportedly said that Alibaba is in the process of upgrading the filing of intellectual property rights by utilizing blockchain. Alibaba is planning to fully implement the technology in September, after which it will be expanded to digital copyright protection, including visual content.

The system will purportedly allow electronic deposits from international brands to directly link to the Internet Court through the blockchain-based Ali Intellectual Property Protection Platform („IPP Platform“), providing a basis for litigation rights protection. China has reportedly set up three Internet courts in Hangzhou, Beijing and Guangzhou to manage internet-related cases and allow plaintiffs to file their complaints online.

In March, Alibaba and Aerospace Information Co., a major software developer and provider, agreed to take advantage of their respective brand technologies “to actively integrate resources and carry out in-depth cooperation” in the fields of cloud computing services, finance and taxation, government affairs and blockchain technology, among others.

Also in March, vice president of Alibaba Group Liu Song revealed the company’s plans to implement blockchain technology for cross-border supply chains, with the possibility to link with local governments.

Earlier this week, a report by Securities Daily News revealed that Alibaba had applied for 262 blockchain patents.


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Alibaba is in the process of upgrading the filing of intellectual property rights by utilizing blockchain technology

Tron CEO Justin Sun Donates $1.5 Million to Alibaba Co-Founder Jack Ma’s University

Tron CEO Justin Sun Donates $1.5 Million to Alibaba Co-Founder Jack Ma’s University

Tron and BitTorrent CEO Justin Sun has announced a donation of $1.5 million to Jack Ma’s Hupan University

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Tron and BitTorrent CEO Justin Sun has donated $1.5 million to the Hupan University established by Alibaba’s co-founder Jack Ma, according to a press release shared with Cointelegraph on April 8.

The Hupan University was launched in 2015 by Ma in a bid to help entrepreneurs and business owners learn core business skills needed for further development and promotion in the Chinese market. Sun’s contribution will purportedly support the next class of 41 students from 14 industries, with about half representing the Internet sector and half the traditional sector.

Commenting on the importance of the university to professional development, Sun said, “Hupan University made a huge impact and difference to me and the company. Without Hupan, Tron will not be what it is today. My entrepreneurship was enlightened and developed there.”

Educational institutions around the world have been gradually adopting blockchain technology both in their curricula and administrations. In February, Japanese multinational conglomerate Sony and IT equipment services firm Fujitsu created an encrypted database for educational proficiency documents. In using the platform, Japanese language schools can compare certificates with data registered on the blockchain in order to verify that the documents are authentic.

That same month, the Indian Institute of Management (IIM) Calcutta and training platform TalentSpirit began jointly offering an advanced programme in fintech and blockchain. The new program scheduled for this May is reportedly targeted at management and finance professionals aiming to educate participants on financial technology growth and its potential impact on the banking and financial ecosystem.


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Tron and BitTorrent CEO Justin Sun has announced a donation of $1.5 million to Jack Ma’s Hupan University

Chinese Regulator Approves First 197 Blockchain Firms, Including Tencent, Alibaba, Baidu

Chinese Regulator Approves First 197 Blockchain Firms, Including Tencent, Alibaba, Baidu

The first list of blockchain service providers registered in China — 197 companies long — has been released by China’s cyberspace administration

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China’s cyberspace administration has released the first list — 197 companies long — of registered blockchain service providers, according to their March 30 notice.

Chinese initiatives by internet giants such as Baidu Blockchain Engine, Alibaba Cloud Blockchain-as-a-Service (BaaS), Tencent BaaS (TBaaS) and the BaaS platform owned by e-commerce giant JD.com appear on the list. Financial institutions such as the China Zheshang Bank and Ping An Insurance Company are also included.

Some less-known companies such as blockchain-enabled supply chain management service VeChain and parcel delivery service ParcelX are present on the list as well. The article also notes that no institution or individual is permitted to use blockchain for any commercial purpose.

The Chinese cyberspace administration will reportedly search for other services that should register and “relevant institutions and individuals who have not fulfilled the filing procedures should apply for filing as soon as possible.”

As Cointelegraph reported earlier this week, China is reportedly leading the world in the number of blockchain projects currently underway in the country.

In October last year, Alibaba Cloud, the cloud computing arm of China’s Alibaba Group, announced that it is enhancing its BaaS offering outside China.


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The first list of blockchain service providers registered in China — 197 companies long — has been released by China’s cyberspace administration

China’s Alibaba Partners With Chinese Software Giant to Promote Blockchain Development

China’s Alibaba Partners With Chinese Software Giant to Promote Blockchain Development

Chinese e-commerce conglomerate Alibaba has signed a strategic cooperation agreement with software giant Aerospace Information to promote blockchain technology

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Chinese e-commerce conglomerate Alibaba and Aerospace Information Co., a major software developer and provider, have signed a strategic cooperation agreement for cloud computing, blockchain and other technological services development. Chinese finance publication Securities Daily reported on the deal on March 21.

The two parties have agreed to take advantage of their respective brand technologies “to actively integrate resources and carry out in-depth cooperation” in in the fields of cloud computing services, finance and taxation, government affairs and blockchain technology, among others.

As the publication states, Aerospace Information will collaborate with Alibaba to work together in research and development in order to promote the integration of new technologies. It also adds:

“In the field of blockchain, we will jointly provide cloud solutions to promote the development of the blockchain industry.”

Earlier this month, vice president of Alibaba Group Liu Song revealed in an interview the company’s plans to implement blockchain technology for cross-border supply chains, with the possibility to link the ecosystem with local governments, as Cointelegraph reported on March 7.

Back in October, Alibaba had filed a patent application for a system backed with blockchain allowing for third-party administrative intervenience in a smart contract.


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Chinese e-commerce conglomerate Alibaba has signed a strategic cooperation agreement with software giant Aerospace Information to promote blockchain technology

Alibaba Exec: E-Commerce Giant Considering Blockchain Use in Complex Supply Chains

Alibaba Exec: E-Commerce Giant Considering Blockchain Use in Complex Supply Chains

Chinese tech and e-commerce giant Alibaba is considering blockchain tech implementation for cross-border supply chains

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Liu Song, vice president of Chinese e-commerce giant Alibaba Group, has said in an interview that the company is considering blockchain tech implementation for cross-border  supply chains. Song’s remarks were noted in an article published by China’s largest state-owned newspaper, People’s Daily, on Wednesday, March 6.

Song underlined that in the future, Alibaba can implement blockchain in complex supply chains to create a closed-loop ecological system that could be linked with local governments. Alibaba also plans to develop new technologies such as Internet of Things (IoT) and blockchain in the fields of customs brokers, international logistics and trade finances, according to Song’s extended remarks to brokerage and investment bank China Galaxy Securities.

Back in December 2018, Alibaba Group announced an upgrade of its service platform to a cross-border supply chain platform with the use of IoT and blockchain technologies.

As Cointelegraph reported on Oct. 25, the cloud computing arm of Alibaba Group, Alibaba Cloud, announced their aim to expand their enterprise-level Blockchain-as-a-Service (BaaS) to major international markets including Europe, the United States and Southeast Asia.

Earlier in October, Alibaba Group had filed a patent application for a blockchain-based system authorizing parties to freeze or halt user accounts associated with illegal transactions, or intervene in a blockchain network, Cointelegraph wrote on Oct. 5.

Recently, the World Trade Organization published a report that underlined the effectiveness of blockchain applications for several industries, including cross-border trade finance, logistics and transportation.


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Chinese tech and e-commerce giant Alibaba is considering blockchain tech implementation for cross-border supply chains

Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi

Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi

12 new organizations have joined the blockchain initiative Hyperledger, including Alibaba Cloud, Citi and Deutsche Telekom, among others

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Hyperledger has onboarded 12 new members, including such major firms as Alibaba Cloud, Citi, and Deutsche Telekom, according to an announcement published on Dec. 11.

Launched in 2016, Hyperledger is an open source project created by the Linux Foundation and created to support the development of blockchain-based distributed ledgers.

The new members were announced at the Hyperledger Global Forum in Basel, Switzerland. The latest general members that joined the initiative include Alibaba Cloud, a subsidiary of the e-commerce giant; financial services firm Citigroup, Deutsche Telekom, one of the largest telecoms providers in Europe; and European blockchain trading platform we.trade, among others.

Hyperledger executive director Brian Behlendorf said that “the growing Hyperledger community  reflects the increasing importance of open source efforts to build enterprise blockchain technologies across industries and markets.” Beth Devin, Head of Innovation Network and Emerging Technology at Citi Ventures said:

“We believe blockchain has the potential to drive new forms of efficiency and develop new markets, and are pleased to join the Hyperledger project to advance our exploration.”

This month, the Hyperledger Technical Steering Committee approved the Ursa project, a modular cryptography software library. Ursa is meant to avoid wasted work on duplicate projects, enhancing security by simplifying analysis and making it “less likely for less experienced people to create their own less secure implementations.”

In October, the central bank of Germany, Deutsche Bundesbank, and securities marketplace organizer Deutsche Boerse (DB) successfully completed the trial of a blockchain solution in the settlements area. The transaction volume and speed of a production system were tested on the Hyperledger Fabric framework and Digital Asset, a distributed ledger (DLT) solution for the financial sector.


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12 new organizations have joined the blockchain initiative Hyperledger, including Alibaba Cloud, Citi and Deutsche Telekom, among others