Alibaba Claims Patented Cross-Chain System Is Better Than Cosmos
The e-commerce firm says its new patent would improve upon current systems used by blockchains to communicate with one another.
Alibaba
Trump Administration Said to Mull Putting Digital Payments Giant Ant Group on Trade Blacklist: Report
Oct 14, 2020
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.
Chinese conglomerate Alibaba is on track to become the largest blockchain patent holder, having filed ten times more than closest rival IBM.
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
The dual listing could turn Alibaba affiliate Ant Group into one of the largest companies operating in the blockchain space.
Ant Financial claims its enterprise blockchain can handle a billion transaction a day and save costs in global shipping.
Alibaba
