Jack Ma led Alibaba files Patent for Blockchain Technology System

Chinese e-commerce giant Alibaba has filed a patent with the USPTO ( U.S. Patent and Trademark Office)  in order to secure the rights to the blockchain-based system that allows a third-party administrator to intervene in a smart contract in case of illegal activities. The patent filed in March describes a blockchain-powered transaction method that enables authorized parties to freeze or... Continue Reading →

Oaken Innovations: The Blockchain Powered Vehicle Future

Oaken Innovation Oaken is a blockchain technology company focused on secure IoT applications. In early 2017, Oaken debuted their proof-of-concept, ‘Blockchain Enabled Peer-to-Peer Car Links Application At Consensus’ in New York. This application allows consumers to lease a vehicle from a car owner; using a smart contract on the Ethereum blockchain, a file storage IPFS,... Continue Reading →

Can Ethereum Smart Contracts make trading more efficient?

As financial transactions grew more and more complicated, experts became increasingly divided about how contracts could be executed more efficiently. In a business scenario where trust is a rarity, opposing views were formed on how this could be achieved. In 2015, a young programmer called Vitalik Buterin had a brainwave, and Ethereum was born. Ethereum is an open-ended, decentralized, distributed ledger... Continue Reading →

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