Chinese Universities Are Pursuing Blockchain Patents

Several top-tier public universities in China are stepping up efforts to patent blockchain applications developed on campus.

New data published on Feb. 16 and Feb. 23 by China State Intellectual Property Office (SIPO) highlights the efforts by institutions such as Zhejiang University, Shenzhen University and Chinese Academy of Sciences to obtain patents related to the tech. The efforts are a tangible sign of the growing interest – and investment of resources – from China’s government-funded academic institutions in the area of blockchain research and development.

The moves also come at a time when an increasing number of companies in China are seeking ways to patent blockchain-related inventions, an effort that is in line with the Chinese government’s agenda to push forward with FinTech applications.

As reported by CoinDesk previously, major financial institutions, namely Bank of China, have already weighed in on issues such as blockchain scaling.

According to records published by SIPO, Zhejiang University wants to patent a cloud-based blockchain system that facilitates cross-border payment transactions. The institution further claims in its filings that, instead of transactions passing through a third party as a kind of trustee, the system will record a sender’s transaction request on a decentralized blockchain ledger that is formed by distributed cloud servers.

Meanwhile, the Beijing-based Chinese Academy of Sciences is eyeing a blockchain system that can “simultaneously support public, private and consortium blockchains,” records show.

Shenzhen University, by contrast, is pursuing a patent related to a specific use case – intellectual property rights for artists – which uses the technology as a means to tag and trace works. The system would also facilitate a kind of tamper-proof artwork trading system if fully realized.

See the full patent application of Zhejiang University below:

Zhejiang University patent application by CoinDesk on Scribd

Zhejiang University image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.



Source link

Related posts

15 Thoughts to “Chinese Universities Are Pursuing Blockchain Patents”

  1. 醫學美容-矜貴-磨砂霜-cosmetic-wiki

    KATE 凱婷 + 眉筆 @ 潮流、美妝、消費 創造個人化風格的女性社群 PIXstyleMe KATE 凱婷

  2. Football Solutions UEFA EURO 2004 - History  - Standings

    Chelsea will face Paris Saint-Germain in the knockout stages of the Champions League for the second consecutive season after the two teams were paired together in Monday’s draw. Chelsea and PSG Champions League guide: Jose Mourinho’s side face tough test against Zlatan Ibrahimovic and Co

  3. Football Solutions Dazzling Del Piero shatters Inter

    The table-toppers haven’t played since their agonising injury-time defeat at rivals Arsenal on Valentine’s Day and the squad were given a week off training by Ranieri as title rivals fought in cup competitions. Leicester captain Wes Morgan claims ‘recharged’ squad are raring to go for title pursuit after enjoying well earned break

  4. futbol.run Women's World Cup - Nicole Barnhart

    IAN LADYMAN AT OLD TRAFFORD: After a goalless first half, United forward Anthony Martial scored in the 54th minute as Old Trafford hailed Sir Bobby Charlton on the 60th anniversary of his debut. Manchester United 1-0 Everton: Anthony Martial the goalscoring hero on the day that Old Trafford honoured Sir Bobby Charlton

  5. futbol.run Under-17 - Richard Sedláček

    Veteran Chelsea striker Didier Drogba has denied Fernando Torres’ arrival unsettled him as he insisted he remained ‘really happy’ at Stamford Bridge. Didier Drogba: I’m very happy at Chelsea despite not scoring in the nine matches since Fernando Torres joined us

  6. medical marijuana

    … [Trackback]

    […] There you can find 10622 more Information to that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  7. digital business transformation

    … [Trackback]

    […] Find More to that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  8. สล็อตเว็บตรง

    … [Trackback]

    […] Find More here to that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  9. DevOps Consulting

    … [Trackback]

    […] Find More Info here on that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  10. https://krajowy.biz/

    … [Trackback]

    […] Information to that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  11. Colorado mushroom dispensary​

    … [Trackback]

    […] Read More here to that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  12. สล็อตเว็บตรง

    … [Trackback]

    […] Find More Info here to that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  13. income producing investments

    … [Trackback]

    […] Find More here to that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  14. 토토백화점

    … [Trackback]

    […] Read More to that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

  15. where to buy cbd

    … [Trackback]

    […] Info on that Topic: tradingbtc.com/2018/02/28/chinese-universities-are-pursuing-blockchain-patents/ […]

Leave a Comment