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Alibaba Patents Would Secure, Accelerate Its Consortium Blockchain

Chinese internet giant Alibaba Group has won two U.S. patents designed to make its blockchain network safer and faster, the CoinDesk reported. One patent aims to reduce the time to verify block data, while the other is designed to help participants set a validity period for a transaction in a blockchain network.  Both of the […]

Alibaba Denies ‘Partnership’ With Lolli, Highlighting Crypto Industry Pitfalls

The shopping app Lolli was offering bitcoin rewards to U.S.-based Alibaba shoppers for Singles Day. Alibaba Group representatives have since denied the “partnership” touted by Lolli CEO Alex Adelman. The fissure revealed a common misconception in the blockchain industry. “One of Alibaba.com’s contractors hired a subcontractor who brokered an affiliate marketing program with Lolli. This […]