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 […]
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 […]
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 […]
Chinese online business goliath JD.com 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 […]
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.
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.