Blockchain patents ‘skyrocketing’ in 2020 with Alibaba leading the way, says study

Blockchain patents are 'skyrocketing' in 2020 with Alibaba by far the leading publisher, according to a new study.

The research, from IP consulting provider KISSPatent, found Alibaba had published 10 times more blockchain-related patents than IBM, in second place, in 2020.

The study came about to better assess the number of blockchain innovations and patents across the spectrum. KISSPatent used multiple methods to identify them, primarily based around a mixture of...

Blockchain spend to hit $4.1bn in 2020 as banking and manufacturing lead ‘robust’ investments

Global spending on blockchain solutions will reach $4.1 billion (£3.18bn) this year at an increase of more than 50% compared to 2019, according to IDC.

The analyst firm's latest Worldwide Blockchain Spending Guide forecast a five year CAGR of 46.9%, reaching a total of almost $17.9bn by 2024.

In total, banking and manufacturing - both process and discrete - will account for approximately half of total blockchain investment this year (below). Finance will be by far the...

ConsenSys to acquire Quorum from JP Morgan in big enterprise blockchain move

ConsenSys is to acquire Quorum, the JP Morgan-developed Ethereum variant, in what promises to be a major development in the enterprise blockchain space.

The deal will see ConsenSys merge its existing engineering roadmap with Quorum, with the latter remaining open source and becoming interoperable with other ConsenSys products, such as Codefi's finance and commerce application suite.

The two companies have been long-standing members of the Enterprise Ethereum Alliance...

DAML becomes available on Corda – with production and enterprise features to come

DAML, an open source language for constructing smart contracts, is now available commercially on R3's Corda.

The announcement came from digital finance technology provider IntellectEU. The company said that the move will enable developers to move beyond Kotlin, a general purpose programming language, to write and run applications on the platform.

DAML on Corda is available now for development and testing, while production use and enterprise features are expected later...

South Korea’s NH Bank to launch blockchain consortium for cryptocurrency services

South Korea's Nonghyup Bank (NH Bank) is working with blockchain laboratory Hexlant and law firm Bae, Kim & Lee to develop financial services using virtual assets.

As reported by the Korea Herald, the consortium has signed a memorandum of understanding (MoU) to develop a joint institution for the research and development of cryptocurrency exchanges.

"Through the consortium, we will step up efforts to take a lead in the local cryptocurrency industry," said Jang...

Facebook renames Calibra wallet as Novi to avoid confusion

Another step is afoot in the development of Facebook-led digital currency initiative Libra - as the Calibra wallet is renamed Novi to sever any links between it and Libra itself.

The move is aimed at ensuring Libra, whose membership includes Andreessen Horowitz, Coinbase and Shopify among others, is not seen as a Facebook-only entity. According to the company, the name Novi is derived from the Latin 'novus', for new, and 'via' for way.

The Novi wallet is the main bulwark...

National Stock Exchange of Australia building blockchain system with new partnership

The National Stock Exchange of Australia has announced that it has partnered with fintech firm iSignthis in order to develop a blockchain-based settlement and clearing system called ClearPay.

The system will help to offer digital asset trading as well as settlements in real-time. It could also be used to make fractional trading—the option to say, buy a fraction of an Apple stock—possible. ClearPay is expected to be launched in early 2021 after which the National Stock...

Chainalysis announces global rollout of anti-money laundering compliance solution for Tether

Blockchain analysis provider Chainalysis has announced the global launch of its compliance solution in partnership with Tether.

Chainalysis Know Your Transaction (KYT) for Token Issuers is a real-time anti-money laundering (AML) compliance solution that monitors a token from issuance to redemption.

Jonathan Levin, co-founder of Chainalysis said: “Stablecoins like Tether, which peg their value to other assets, were developed to appeal to mainstream audiences who are...

Lightnet receives $31.2m in series A funding for Asian blockchain financial mobility network

Thailand-based fintech firm Lightnet has raised $31.2 million (£23.9m) in a series A funding round led by UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities.

The raised funds will be used to fortify the company’s investment in the underlying blockchain technology on the Stellar Network, and to build a next-generation financial mobility...

CaixaBank integrates we.trade for foreign deals, touts European bank advantage

Spain’s CaixaBank has become one of the first European banks allowing companies to access blockchain technology by adding we.trade to its service catalogue.

The Spanish financial services firm, which is considered one of the highest-rated banks in the world based on the quality of its digital products and services, has successfully implemented the we.trade blockchain platform for companies to assist them in internationalising their business.

Developed by a consortium...