Alibaba Seeks Patent for Blockchain that Allows ‘Administrator Intervention’

Chinese e-commerce giant Alibaba has applied to patent a blockchain system that allows a third-party administrator to execute “special transactions” such as halting a smart contract or freezing an account linked to illegal activity. According to documents made public on Thursday by the U.S. Patent & Trademark Office (USPTO), the Hangzhou-based firm submitted the application The post Alibaba Seeks Patent for Blockchain that Allows ‘Administrator Intervention’ appeared first on CCN

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Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research

China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain patents issued around the world The post Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research appeared first on CCN

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