ALIBABA USES BLOCKCHAIN IN THE INTELLECTUAL PROPERTY SYSTEM
Chinese e-Commerce giant Alibaba will use blockchain technology in the system of intellectual property accounting of global enterprises and brands.
According to the Director of the company for the protection of intellectual property Ali Xizhi, Alibaba is developing a system of confirmation of intellectual property rights by using the blockchain. The company plans to fully implement the technology in September, after which the system will include digital copyright protection, including visual content.
According to the developers, the system will allow electronic deposits of international brands to communicate directly with Internet courts through the blockchain-based intellectual property protection platform (IPP), providing a basis for the protection of judicial rights. China’s Internet courts, which are located in Hangzhou, Beijing, and Guangzhou, use blockchain and AI to make judgments.
In March, Alibaba and Aerospace Information software developer signed a cooperation agreement, within the framework of which they will use blockchain to share experience and developments in the field of cloud computing, Finance and taxation.