Cryptocurrencies

Payments, Trading, Real Estate … Chinese Alibaba files Blockchain patent … in Brazil – Cryptocurrencies

Alibaba, the Chinese e-commerce giant, is talked about in the latest edition of the Industrial Property Magazine. The company founded by billionaire Jack Ma recently reported a patent for an atypical blockchain architecture: the “Ant Unicorn”. According to the documents, the patent is supposed to cover the insurance, financial and monetary activity sectors. Interestingly, the patent was filed in Brazil. We talk about it later.

Ant Unicorn: Alibaba’s latest blockchain gem

“We believe that in the future blockchain will change the way human systems and real mobile payments work and become the main infrastructure of the digital economy. These were the words of Guofei Jiang, Vice President of Ant Financial, a subsidiary of Alibaba in a recent interview.

By ” Ant Unicorn “, an Alibaba system based on the blockchain, the company intends to provide services in the sector insurance, financial and monetary activity. At this time, it is unknown whether the solution will be deployed in Brazil. But it is in this country that Alibaba deposited the patent of Ant Unicorn.

The rather wide coverage of the patent extends among others to the following services:

  • The credit card payments ;
  • Treatment of utility billing ;
  • Strengthening security transaction processing ;
  • The transfers and exchanges foreign currency;
  • The currency trading ;
  • The brokerage in transactions financial via the blockchain.

Patent says Ant Unicorn services will focus mainly on the area of real estate with loans to be granted, including temporary loans. Obviously, all financial transactions will be done via the blockchain.

Why Alibaba files the Ant Unicorn patent in Brazil?

It is clear that Brazil’s choice for the patent filing of ” Ant Unicorn Is not trivial. In fact, blockchain technology enjoys a certain popularity in the country.

The July 12 last, for example, the Brazilian state of Bahia had deployed a blockchain-based application to track the public tendering process in public markets.

More recently, Abraham Weintraub, Brazilian Minister of Education (MEC) proposed the use of technology blockchain to fight against the issuance of false diplomas. Currently, a fifteen universities have already expressed interest in the proposal.

And that’s not counting the launch by the Central Bank of Brazil of PIX, an instant payment feature in Brazil.

Clearly, the country is rather favorable to blockchain technology. In addition, the government’s involvement in promoting adoption is likely to encourage investment. These are very positive factors for Alibaba‚Äôs Ant Unicorn, even though it was eventually deployed outside of Brazil.

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