Category Archives: Alibaba

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Alibaba: Verkauf von Mining-Equipment wird am dem 8.Oktober verboten

Alibaba
Das Krypto-Verbot trägt Früchte: Der chinesische Handelsgigant Alibaba lässt verlauten, dass er ab nächsten Monat den Verkauf von Mining-Ausrüstung verbieten wird.
 
Source: BTC-ECHO

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Nach Daten-Enteignung bei Alibaba: So behalten wir unsere Autonomie

Hamsterrad
China schaut den Tech-Konzernen nicht mehr länger tatenlos zu und will Alibaba zur Datenauslagerung zwingen. Warum es um sehr viel Geld geht, eine Dystopie unausweichlich erscheint und die Blockchain-Technologie Rettung verspricht.
 
Source: BTC-ECHO

Der Beitrag Nach geplanter Daten-Enteignung bei Alibaba: So behalten wir unsere Autonomie erschien zuerst auf BTC-ECHO.

Gegen Internet-Piraten: Microsoft und Alibaba starten Ethereum-Projekt

Piratenflagge vor dunklem Himmel
Internet-Piraterie entwickelt sich weltweit zu einem immer größeren Problem – auch für Microsoft und Alibaba. Ein neues Ethereum-Projekt soll nun Abhilfe schaffen.
 
Source: BTC-ECHO

Der Beitrag Gegen Internet-Piraten: Microsoft und Alibaba starten Ethereum-Projekt erschien zuerst auf BTC-ECHO.

Bitcoin Rewards Program Lolli Teams Up with Alibaba

Alibaba, which is a Chinese e-commerce giant and is perhaps the most popular venue in the United States for importing Chinese goods, has teamed up with the popular Bitcoin rewards program Lolli.

Lolli is essentially like a cashback program, which is common among credit cards, except Lolli gives users Bitcoin instead of fiat. This works by Lolli helping to drive customers to companies, and then the companies give Lolli a percentage of each sale. In the end, Lolli splits the percentage with users of the reward program. Lolli is only for online shopping at this point, but has notably partnered with big names like Walmart, Macys, GoDaddy, and over 500 more brands.

Alibaba has for years been vitally important for United States businesses, since raw goods can be shipped in from China via Alibaba at much lower rates than they would cost in the United States. Therefore, Alibaba is a high volume business in the United States, and now apparently anyone who signs up with Lolli can earn Bitcoin on each Alibaba purchase. Alibaba was already lucrative, and basically it just got even better by allowing users to get some free Bitcoin with each purchase too.

Notably, users of Alibaba elsewhere in the world will not be able to use Lolli.

 

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Alibaba Founder: Blockchain Meaningless Without Greener, Inclusive Future

The founder of Chinese multinational retail conglomerate Alibaba, Jack Ma, has said that blockchain needs to prove it can push a greener, more inclusive future forward for society, else it is ”meaningless”.

Speaking at the World Artificial Intelligence Conference in Shanghai, China on Monday, Ma said that the ”data age” is a great opportunity for the supply side of the economy to transform the landscape of money and finance. Referencing artificial intelligence, blockchain and Internet of Things technology, Ma said that this modern reformation should not be promoted unless these innovations can bring a greener and more inclusive direction for society.

This is a big call coming from the man who founded the world’s number one company in terms of blockchain patent applications. Although it is reported that Ma has plans to retire from the company, his attitude will surely carry influence within the company and their own blockchain developments.

Ma has defended blockchain on previous occasions, earlier this year refuting claims that the technology is a bubble waiting to burst, although he did claim that Bitcoin in fact was. At this time he also referenced a concern for social improvement, saying new technologies should be questioned on ”what value can it bring to society, government, enterprises, and consumers in the data age”.

Social enterprise with blockchain

Some circumstances show that blockchain has already had a positive impact on social enterprises, with companies utilizing the new technologies to promote their causes of financial, social and environmental well-being.

In one case of this, Finnish start-up Moni created a blockchain-backed card that tackles the issue of refugees economic exclusion due to a lack of personal identification they hold. Each card is linked to an individual’s identity that can be used by refugees to purchase products, pay bills and receive payments from employers.

Swytch is an example of a blockchain company promoting the use of sustainable energy. Right now the pilot project is looking to distribute around 3.5Gw of solar, wind, hydro and bio-gas energy, enough to power over 500,000 homes.

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Chinese Justice Department Uses Blockchain to Track Parolees

Officials in the southern Chinese city of Zhongshan have instituted a blockchain system to track the movements of those on parole in the district.

The new blockchain network is said to improve the quality of community correction that the justice department can serve, upgrading its ability to track parolees activities around the clock. Monitoring the community prisoners previously had restrictions imposed, including regional and time constraints. The blockchain system, however, lets officials view data at any time from any location.

Changes to the electronic bracelets mean that wearers are no longer required to regularly report their own activities or require officers to make visits to check up on them, meaning less friction is created between parolee and officer.

The new blockchain system also employs data analysis that can detect the possibility of criminals re-offending through sharing the action trajectory and situation of the community prisoners with the Department of Justice. An analysis is done through an accumulative data check of the behavioral tendencies of the parolees and their current situation. If there are any indications that re-offending may occur, staff are triggered to make an early intervention and prevent any criminal activities from occurring.

In this specific use case for blockchain, the Chinese government is able to reduce the manpower required to supervise the offenders, creating both financial savings and preventing potential situations of conflict. Whether it is able to actually reduce the number of re-offending parolees is still a question as the network was only rolled out this month, but the potential to do so is certainly there.

It is not just the government in China committed to developing fresh blockchain solutions; a recent study shows that last year China was responsible for 56% of the world’s blockchain patent applications, with Chinese multinational holding conglomerate Alibaba claiming 10% of the overall total. The study also indicates that the number of blockchain patent filings has increased from just 134 in 2016, to 406 in 2017.

 

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Alibaba Responsible for 10% of World’s Blockchain Patent Applications

Research published by Thomas Reuters shows that Chinese multinational holding conglomerate Alibaba has filed over 10% of the total number of blockchain patent applications last year.

Of the 406 total applications in 2017, Alibaba claims 43 of them, leading China’s growing blockchain intellectual property claims. The data collected also indicates that China is responsible for 56% of applications in 2017, followed by the US with 22%, and shows that the number of blockchain patent filings has increased from just 134 in 2016, to 406 in 2017.

Last week, Alibaba’s payment subsidiary Ant Financial and Alipay revealed their latest blockchain application to ensure the authenticity of rice produced in Wuchang, in northeastern Heilongjiang Province. The project will be carried out in partnership with the municipal government.

Why are blockchain patents so important?

Alex Batteson, an editor in the IP & IT practice area at Thomson Reuters Practical Law, explained why the patent race is crucial to success as it can attract investors by ensuring a business’ intellectual property is legally protected. Batteson sees blockchain as ”the next frontier of financial services technology architecture”, and an attractor of substantial financial investment. He noted that companies are eager to protect their work first as the technology and adoption rates advance.

While China has a blanket ban on cryptocurrency trading and initial coin offering (ICO) fundraising, the country’s blockchain efforts have been significant. President Xi Jinping himself described that the technology is “substantially reshaping the global economic structure“. The US may have more blockchain patents overall but the Asian nation is quickly catching up.

Taiwan-based IP specialist and Eiger Law partner John Eastwood spoke to the Nikkei Asian Review on China’s progress, saying that it will most likely be extremely profitable for local companies to secure as much blockchain-related intellectual property rights as they can. He said, ”Holding several patents helps to give an aura of legitimacy that helps many companies in the blockchain field to attract investors or acquirers.”

 

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The United Nations’ Secretary-General Has Blockchain Firmly on the Agenda

The United Nations has put together a panel of 20 experts in order to investigate how blockchain can impact global economics.

The panel was initiated by The United Nations’ (UN) Secretary-General António Guterres. The group which comprises of 20 figures from major sectors including industry and academia will examine digital technologies in general with a particular focus on blockchain technology.

Executive Director and co-chair of the UN secretariat Ambassador Amandeep Gill, commented the new body, called the High-Level Panel on Digital Cooperation:

“You cannot look at ‘web 3.0’ without looking at blockchain or without looking at AI (Artificial Intelligence) […] our hope is that through discussion of these various digital domains […] in terms of human rights, in terms of privacy, in terms of subversion of democracy, we are able to come out with some common principles…of strengthening cooperation across borders.”

It was also revealed that Melinda Gates, founder of the Bill and Melinda Gates Foundation, and founder of e-commerce giant Alibaba Jack Ma were invited to co-chair the new panel. It is thought that Ma was selected due to his work with blockchain, including his raising of $14 billion for development projects.

Secretary Guterres has said that digital technologies are affecting society at an “unprecedented scale” with Ma conceding that “that the impact of blockchain on the future of humans may be far beyond our imagination.”

The UN itself has been implementing humanitarian programs using blockchain for a number of years but admits it can do far more. There are currently 25.4 million refugees in the world and some 3.1 million asylum seekers around the world, according to the United Nations Refugee Agency.

Blockchain solutions are in place in many poorer countries working to improve the lives of individuals at community and national levels, but it is noticeable that the worldwide refugee crisis hasn’t as yet been significantly impacted by new technology.

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Bitcoin Still Best Bet, Says Wall St Crypto King

Bart Smith, Wall Street’s very own ‘Crypto King’, has said in an interview on CNBC’s Fast Money that Bitcoin is still the best option for crypto traders.

Smith, who launched a crypto desk which buys and sells millions of dollars in Bitcoin and other cryptocurrencies, maintains this is primarily because people are out there using it. Therefore, its functionality makes it stand out from the range of available cryptocurrencies available today.

The head of the digital asset group at Susquehanna International Group remains upbeat on Bitcoin despite the falls of the last day. The future he says, is positive, recently suggesting that institutional investors will re-stimulate the cryptocurrency market once more regulatory clarity is provided. He commented:

“If you want to own the asset that you can actually use today and that people are functionally using, it’s Bitcoin… The use case for Bitcoin is valid today, which is the currency of the internet.”

He pointed out that cross-border exchanges using Bitcoin is a major use of the digital currency today. This makes it a significant usable medium of exchange.

Only recently, Alibaba Group’s Ant Financial reported that it intended to use blockchain technology to lower the cost of overseas payment after failing a bid to buy over MoneyGram. The Chinese multinational e-commerce conglomerate says the move will benefit the Filipino expatriate population of Hong Kong. They systematically send funds estimated to be HKD 4.4 billion (USD 561 million) annually back to families in the Philippines.

Talking of traditional cross-border payments, Smith argued:

“They use Western Union, traditional banks; It is slow and it is expensive… and there are people that can stop you from sending that money, whether that’s good or bad. With Bitcoin, I can send money. It’s fast. It’s cheap. And frankly, no one can stop me.”

As for other coins, Smith suggested that this may be the future but it isn’t now. He argues that new tokens will face difficulties establishing new “technological advancements”. Hence, despite the initial excitement, it will be Bitcoin that will be continued to be used for practical purposes.

 

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