Chinese e-commerce giant Alibaba has registered a blockchain-based system patent in Brazil under the category of "insurance," "financial business" and "monetary business,” according to the March 10th edition of the Industrial Property Magazine (NPI).
As reported by the NPI, the name of the mechanism is “Ant Unicorn.”
Regarding the financial solution, the patent covers real estate services, credit card payment systems, invoice processing and the strengthening of security to process transactions.
The report does not specify whether the initiative will be implemented in Brazil. Read More...