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Alibaba Patents Would Secure, Accelerate Its Consortium Blockchain

Chinese internet giant Alibaba Group has won two U.S. patents designed to make its blockchain network safer and faster.

Diperbarui 13 Sep 2021, 11.52 a.m. Diterbitkan 20 Des 2019, 7.19 p.m. Diterjemahkan oleh AI
Image via Shutterstock
Image via Shutterstock

Chinese internet giant Alibaba Group has won two U.S. patents designed to make its blockchain network safer and faster.

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One patent aims to reduce the time to verify block data, while the other is designed to help participants set a validity period for a transaction in a blockchain network.

Both of the patents were approved by the U.S. Patent and Trademark Office (USPTO) this week.

The approvals comes at a time with Ant Financial, the fintech arm of Alibaba, announced the launch of its Ant Open Blockchain Alliance, a consortium that aims to finance small and medium-sized businesses on its blockchain-based platform.

According to the patent filing, when data are added to a node the new technology will determine the update verification value of the node by using just the newly added data, not all the data in the block.

“The application will alleviate a problem in the existing technology, that much time is consumed because a verification value is calculated by using all data in a block,” the filing said.

The other patent will be used to set up a validity period for a transaction, meaning participants of a blockchain network can only process the transaction during a certain period of time via either a physical clock or a logical clock, according to Alibaba’s filing.

For example, the blockchain can be a consortium blockchain consisting of a third-party payment platform server, a domestic bank server, a foreign bank server and several user node devices serving as member devices.

The operator of the blockchain can set up a validity period and deploy online services such as cross-border payment and asset transfers, the filing said.

According to a November report from Chinese blockchain analytics firm Block Data on Chinese blockchain patents, Alibaba is one of the top three companies in developing blockchain patents, along with China Telecom and OneConnect, a subsidiary of one of China’s largest insurers, Ping An Insurance.

Alibaba applied for the most blockchain patents in 2018 with 90 blockchain-related technologies, followed by IBM and Bank of America.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Yang perlu diketahui:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Deus X CEO Tim Grant: We aren't replacing finance; we're integrating it

Deus X CEO Tim Grant (Deus X)

The Deus X CEO discussed his journey into digital assets, the company's infrastructure-led growth strategy, and why his Consensus Hong Kong panel promises "real talk only."

Yang perlu diketahui:

  • Tim Grant entered crypto in 2015 after early exposure to Ripple and Coinbase, drawn by blockchain’s ability to improve traditional finance rather than replace it.
  • Deus X combines investing and operating to build regulated digital finance infrastructure across payments, prime services, and institutional DeFi.
  • Grant will be speaking at Consensus Hong Kong in February.