This Chinese SME Outranks PayPal in the World for Blockchain Patents

Chonqing Daily reported earlier this year that data provider IPRDaily produced a list of companies ranked in order of how many applications for blockchain-specific patents they had filed. Unsurprisingly, Chinese tech and business giants such as Alibaba, Tencent, and the Ping An Group led the list, all of whom in recent years have poured money […]

China Everbright Bank Uses Ant Financial DLT for Supply Chain

A Major Chinese Commercial Bank Uses Blockchain-based Supply Chain Finance

Popular as a major commercial bank in China and one of the largest public companies in the world, China Everbright Bank (CEB) is working on introducing a blockchain-based supply chain finance solution in partnership with Ant Financial. Ant Financial, which is widely recognized as the financial arm of the Chinese e-commerce giant, Alibaba, teams up […]

Alibaba's Import E-commerce Platform adopts Blockchain traceability system

Alibaba’s Import E-Commerce Platform Adopts Blockchain Traceability System

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 Logistics Transparency The report revealed that the integration of Ant Financial’s blockchain in the Koala platform allows online buyers to […] to Get over 200 Blockchain Patents to Get over 200 Blockchain Patents..?

Chinese online business goliath to get over 200 blockchain patents. It has apparently appealed for more than 200 blockchain licenses according to a report. As per the Intellectual Property Center of China Information and Communication, Alibaba has appealed for 262 blockchain licenses. Following it are Chinese web titans Tencent and Baidu with 80 and […]

Pakistani Firm Selects Alipay to Introduce Blockchain-based Remittance Service

Pakistani Firm Selects Alipay to Introduce Blockchain-based Remittance Service

Alibaba has announced that a Pakistani financial firm has selected Alipay to introduce a blockchain-based remittance service in Pakistan. As reported, this is a first of its kind service in the country that is expected to cut down transaction costs and enable users track their remittances at every step.

Money Laundering

Alibaba proposes for Blockchain powered Administrative Intervention to curb Illegal Transactions

Alibaba has recently filed a patent application with the U.S. Patent and Trademark Office (USPTO) for a blockchain powered administration intervention in case of illegal smart transactions, as published by USPTO on October 4. This smart contract will result in the reduction of hackings or any kind of threats to the Chinese giant conglomerate.