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   945

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.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   91

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.