Fintech News | Fintech Zoom

Alibaba information patent for a blockchain transaction system in Brazil

Alibaba has registered a blockchain-based system patent in Brazil beneath the class of insurance coverage, monetary enterprise, and financial

The identify of the mechanism is ‘Ant Unicorn’ and it covers actual property providers, bank card fee programs, bill processing, and the safety wanted to course of transactions, in line with Industrial Property Journal.

The specs of the patent are overseas forex switch providers, overseas forex alternate, forex buying and selling, forex dealer, monetary transactions via blockchain. Ant Unicorn would additionally enter the sphere of bank card issuance and utility invoice fee options. Nevertheless, the answer highlights inside the patent’s submitting are that they’ll concentrate on the actual property market.

READ  CMS to docs: Deal with COVID-19 struggle, not knowledge reporting burden

Oliver Smith


Add comment