China develops a blockchain intellectual property

Major Chinese universities are seeking means to patent the blockchain solutions
28 February 2018   239

China State Intellectual Property Office published data that clearly indicates the will of Chinese government-funded academic institutions to solidify its grip on blockchain technology. The list includes Zhejiang University, Shenzhen University and Chinese Academy of Sciences. Recently, the government of China is doing its best to establish a market for fintech companies, as the number of ordinary companies also trying to patent their patent-related inventions.

To be more specific. Zhejiang University designed a system for cross-border payment operations and it proposes using a blockchain ledger on cloud servers for handling and confirming the transactions instead of traditional third party acting as a trustee. Chinese Academy of Sciences is building a blockchain solution that aims to unite private, public and consortium types of blockchain into one package. As for Shenzhen University, its project is more specific: a system for tagging and tracing artists' works, and on top of that a tamper-proof artwork trading system upon successful launch.

Last week Bank of China reported to have submitted a patent application on using a data compression in the process of block creation in a ledger thus addressing the issue of scaling the latter.

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   40

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171