libaba, OneConnect Leads China’s Blockchain Patent Race

[Doyenne]

Alibaba and OneConnect scored the highest in China’s recent Blockchain Patents list after they both filed IPO prospectuses at the same time.

https://bitcoinist.com/alibaba-oneconnect-leads-chinas-blockchain-patent-race/

[Kyraishi]

Well the battle begins, whenever new technology is invented, one of the most important features for the larger companies is getting the technology patented, if Alibaba is going into crypto, I'm guessing that it's going to be something related to payment processors, or a possible marketplace.

I hope this doesn't end up like the drug market, where someone's patent covers everything and forces a monoply in the market, it would be very bad for consumers if that happened with crypto. It's going to be interesting finding out what these patents are.

[TRONTON]

Alibaba has been running fast since before, and was followed by Tencent and Baidu, but I was surprised that oneconnect suddenly appeared, I just read about their fintech-based company.

Most of the patents are from China, I analyze they will be the initial pioneers that are integrated directly into the macro business as soon as possible.

[hatshepsut93]

Why should we care about their centralized blockchain technology? Does anyone here still has illusions that blockchain means crypto and Bitcoin and that their shitcoins will grow because some authoritarian government says they want to adopt it? If so, they have only themselves to blame, it was always clear that people who praise blockchain generally don't mean cryptocurrency, and they even explicitly say that they don't support cryptocurrencies.

[mich]

OneConnect looks to raise $500 million in its U.S. IPO

OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, has updated its filing for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).

https://cointelegraph.com/news/fintech-arm-of-chinese-insurance-giant-shoots-for-500m-ipo-in-us