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E-Commerce Giant Alibaba to Integrate Blockchain Into Intellectual Property System

Published 05/23/2019, 05:15 PM
Updated 05/23/2019, 05:22 PM
E-Commerce Giant Alibaba to Integrate Blockchain Into Intellectual Property System
BABA
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Chinese e-commerce giant Alibaba (NYSE:BABA) will integrate blockchain technology into its intellectual property system of global enterprises and brands, local news outlet Sohu reported on May 23.

Ali Xizhi, the company’s director of intellectual property protection, reportedly said that Alibaba is in the process of upgrading the filing of intellectual property rights by utilizing blockchain. Alibaba is planning to fully implement the technology in September, after which it will be expanded to digital copyright protection, including visual content.

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