The platform is just the latest product in the fintech's long-evolving blockchain solutions.
Chinese fintech Ant Group - which is now poised to launch what could be the world's largest initial public offering - has announced a new platform via its blockchain business.
Ant Group spun out from e-commerce giant Alibaba and is the parent company of China's largest digital payments service Alipay.
Ant Group's blockchain business, AntChain, has today rolled out a new digital copyright services platform.
The platform generates a unique, tamper-proof digital copyright certification and notary stamp for each work that is uploaded into its database.
AntChain's platform incorporates digital ID and search services to help creators more efficiently track and detect possible copyright infringement.
Some 10 million original works are already being uploaded and certified each day on the new platform, according to AntChain.
One of the early partners in the new platform, which joined during its trial period, is the digital music score copyright distribution network, Shanghai C.C. Music Culture.
AntChain's platform generates smart contracts that record and automatically distribute revenue due to the network's musicians and rights distributors.
Since 2015, when it began to work with blockchain solutions, Ant Group has developed its own increasingly sophisticated platforms that join the technology with AI and the Internet of Things, as well as backing blockchain research and development overseas.
China's Ant Group releases digital copyright platform on AntChain
Published on Oct 22, 2020
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.