Alibaba Patents Blockchain System That Spots Music Copycats
The e-commerce giant has patented a blockchain-based means of vetting the originality of songs.
Chinese conglomerate Alibaba is on track to become the largest blockchain patent holder, having filed ten times more than closest rival IBM.
The dual listing could turn Alibaba affiliate Ant Group into one of the largest companies operating in the blockchain space.
The move comes as Ant, a global leader in digital payments, is readying what could be an offering worth up to a record $35 billion.
Ant Financial claims its enterprise blockchain can handle a billion transaction a day and save costs in global shipping.
The e-commerce firm says its new patent would improve upon current systems used by blockchains to communicate with one another.