Ubiq and Einstein Capital to Control Digital Identities

Ubiq Technologies will provide blockchain services to Einstein Capital Partners to record its shareholders and holders of stock options privately
24 January 2018   682

Einstein Capital Partners Ltd., one of Canada's fastest growing digital currency exchanges, has announced strategic partnership with Ubiq, a decentralized platform which allows the creation and implementation of smart contracts and decentralized applications. 

At the moment of press, these are main market parameters of Ubiq:

  • Average price: $4,84
  • Marketcap: $190 387 308
  • 24h volume: $2 212 860

Bank of China Filed a Patent to Scale Blockchain Systems

Bank of China has filed a patent application for a process able to scale blockchain systems  
23 February 2018   56

According to a document released by China's State Intellectual Property Office (SIPO) on February 23, the application was invented by Zhao Shuxiang and first submitted on September 28 last year.

The application states that instead of letting a new block store transactions from its previous one, a data compressing system could be used to pack transactions from multiple blocks into what the patent calls a "data block."

For example, when the system receives a request to compress transactions from block 1 to 1,000, it causes a new data block to be formed and temporarily hosted on a different storage system. Then, the system will run the packed data through a hash function with a hash value. After that, the compression system will attach labels in order to identify blocks on the blockchain.

With the use of the described method, the patent claims a reduction in the amount of the data stored in new blocks as transactions mount in a blockchain while ensuring that data from all previous transactions will still be tamper-proof and traceable.

At the moment, the patent in the review process.