Lenovo Plans to Launch a Blockchain Based Product

A new Lenovo patent filing suggests that it will work in accordance with the blockchain technology
19 February 2018   324

Lenovo is supposed to launch a new advanced product on the market. The company will use blockchain as part of a system for verifying the validity of physical documents.

According to the application released by the U.S. Patent and Trademark Office (USPTO), the company describes a set-up that utilizes digital signatures encoded in physical documents, which can be processed by computers to verify the legitimacy of a document. It is indicated a new product that operates with digital signatures codes and security blockchain. It will allow connecting the device to any computer or machine.

Using the security blockchain, anyone can validate that they have the current authentic physical document even if multiple paper copies exist and multiple people have made entries in the chain of modification. If any forgeries exist, they will show up as orphaned blocks in the chain. To validate a paper copy, a user of the electronic device takes a picture of the printed code on the physical document.

Lenovo team

The company claims that all persons involved in having copies of a document have no negative consequences in terms of the information alteration.

However, this is not a first company’s experiment with blockchain technology. Last year, IBM had started working with the company on a blockchain-based invoicing system. They have worked on a project related to billing and transparent processing operations.

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