Several top-tier public universities in China are stepping up efforts to patent blockchain purposes developed on campus.
New knowledge revealed on Feb. 16 and Feb. 23 by China State Intellectual Property Office (SIPO) highlights the efforts by establishments reminiscent of Zhejiang University, Shenzhen University and Chinese Academy of Sciences to acquire patents associated to the tech. The efforts are a tangible signal of the rising curiosity – and funding of assets – from China’s government-funded educational establishments within the space of blockchain analysis and improvement.
The strikes additionally come at a time when an growing variety of corporations in China are looking for methods to patent blockchain-related innovations, an effort that’s in keeping with the Chinese authorities’s agenda to push ahead with FinTech purposes.
As reported by CoinDesk beforehand, major monetary establishments, specifically Bank of China, have already weighed in on points akin to blockchain scaling.
According to data revealed by SIPO, Zhejiang University needs to patent a cloud-based blockchain system that facilitates cross-border cost transactions. The establishment additional claims in its filings that, as an alternative of transactions passing by means of a 3rd get together as a sort of trustee, the system will report a sender’s transaction request on a decentralized blockchain ledger that’s shaped by distributed cloud servers.
Meanwhile, the Beijing-based Chinese Academy of Sciences is eyeing a blockchain system that may “simultaneously support public, private and consortium blockchains,” data present.
Shenzhen University, against this, is pursuing a patent associated to a selected use case – mental property rights for artists – which makes use of the know-how as a way to tag and hint works. The system would additionally facilitate a type of tamper-proof paintings buying and selling system if absolutely realized.
See the complete patent software of Zhejiang University under:
Zhejiang University picture by way of Shutterstock