Alibaba and OneConnect take the top two positions in Blockchain Patents list and file IPO prospectuses on the same day 22824

On the afternoon of November 18, BlockData released China Blockchain Patents Report 2019 and the Comprehensive Strength list of China’s Blockchain Patents 2019. Alibaba ranked first in the list, while OneConnect and China Unicom took second and third place, respectively. In an accompanying ranking by strength of blockchain patents specifically in the fintech field, OneConnect topped the list, followed by Ping An Technology, Hangzhou Fuzamei Technology, Launch Tech, Baidu, Tencent Technology and WeBank. In order to comprehensively demonstrate the strength of all companies having obtained blockchain patents, the list is based on an analysis that takes into consideration five factors: the number of patent applications, the number of patents granted, the scope of patent protection, the location in the patent family and the application for the patent.

Just prior to the launch of the list, the top two performers, Alibaba and OneConnect, had issued IPO prospectuses in Hong Kong and the United States and were receiving substantial attention from capital markets.

On the evening of November 13, Alibaba submitted a preliminary prospectus that appeared on the website of the Stock Exchange of Hong Kong (SEHK), announcing a plan to issue 500 million new ordinary shares worldwide and list on the main board of the exchange. If Alibaba successfully launches an IPO in Hong Kong, it will be the largestever such transaction in the Hong Kong market. Alibaba will also be the first Chinese Internet company to be listed in both Hong Kong and New York. Based on Alibaba’s prospectus, as of June 30, 2019, the company held 6,175 authorized patents and 13,336 publicly filed patent applications in China. Elsewhere, the company held 3,112 authorized patents and 9,742 publicly filed patent applications.

On November 13, OneConnect formally applied for an IPO with the U.S. Securities and Exchange Commission (SEC). According to the prospectus, as of the end of September 2019, the company has applied for 2,850 domestic patents and 542 foreign patents. OneConnect topped the list in the accompanying ranking by strength of blockchain patents specifically in the fintech field released by BlockData. OneConnect’s blockchain solution FiMAX has been implemented in the Chinese government’s super vehicle management office as well as in solutions for supply chain finance, trade finance, small and medium-sized enterprise loans, intelligent environmental protection, mortgages, drug traceability and electronic medical records spanning five key sectors: finance, smart city, real estate, automotive and healthcare.

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Global Airlines Leverage AI, Machine Learning and Blockchain to Save Costs and Generate New Revenues, Says Frost & Sullivan 4949

Frost & Sullivan’s recent study, Analysis of the Global Airline IT Market, Forecast to 2025, finds that the increasing expectations of passengers are compelling airlines to embrace digital enablers and propelling a digital transformation journey that will fundamentally change traditional airline information technology (IT) strategies. Impacted by the COVID-19 pandemic, the airline IT market is estimated to generate a revenue of $20.74 billion by 2025, compared to $21.20 billion in 2019. As per the original forecast, by 2025, the market was estimated to reach $25.1 billion from $21.20 billion in 2019.

“Despite the adverse impact of COVID-19 on the industry, airlines are increasingly focusing on adopting next-generation digital solutions such as mobility, machine learning (ML), Big Data analytics, and artificial intelligence (AI) to identify cost-saving and revenue-generating opportunities,” said Abhilash Varkey Abraham, Aerospace & Defense Research Analyst at Frost & Sullivan. “Additionally, a few major airlines have already committed to migrating their entire IT infrastructure to the cloud over the next 3-5 years and this trend is likely to continue and grow, mainly among low-cost carriers.”

Abraham added: “From a regional airline IT market perspective, North American airlines were the highest revenue contributor in 2019 and are expected to remain so during the forecast period. Further, APAC is expected to be the key growth engine over the medium and long terms.”

With global airlines losing $25 billion due to disruptions in operations and with 50% of them addressable via digital solutions, a huge opportunity exists for IT suppliers to innovate and expand their portfolio. Market opportunities include:

  • Real-time data analytics with an interactive display/graphical user interfaces (GUI) will have higher penetration in the medium term, which will serve as a growth opportunity for suppliers.
  • With airlines embracing the capabilities of next-gen technologies such as AI and ML, solution providers are encouraged to integrate these technologies into their solutions.
  • Vendors are encouraged to develop solutions to solve airlines’ disruption pain points, especially in the areas of passenger re-accommodation and compensation.
  • Adopting Big Data platforms can streamline the operations of airlines, reducing cost and time.

Analysis of the Global Airline IT Market, Forecast to 2025 is the latest addition to Frost & Sullivan’s Aerospace & Defense research and analyses, available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

Inaugural Mainnet by Messari Crypto Event Brings Together 1,300+ Attendees & Speakers 5216

Over 1,300 attendees from around the world virtually gathered earlier this month (June 1-3) for the inaugural Mainnet by Messari event, focusing on the crypto industry’s past, present, and future of developmental progress and pain points from leading thinkers and builders including: Meltem Demirors (CoinShares), Albert Wenger (Union Square Ventures), CZ (Binance), Balaji Srinivasan (Nakamoto, CoinBase), and Neha Narula (MIT, Digital Currency Initiative).

Over 200 of the industry’s leading executives and builders participated as speakers from some of the top companies and projects including: Fidelity Digital Assets, Ark Investment, Paxos Global, Circle, Bitfinex, Lightning Labs, Kraken, Maker Foundation, Coinbase, Ledger, Chainalysis, Bison Trails, Bloq, Binance, and more. Additionally, the event raised over $60K for COVID-19 relief efforts via non-profit partners, Binance Charity and The Giving Block.

As the talks centered on many themes related to creating free, equitable systemic financial, and technological changes to our world, the prevailing global call for racial and governmental reform ignited around the globe sparked much debate, discussion, and unity on the need for innovative advancements now more than ever.

A few noteworthy talks included:

  • A heated debate took place during the session “Blockchain Analysis or Financial Surveillance” between Alex Gladstein (Human Rights Foundation) and Dr. Tom Robinson (Elliptic), inspiring Gladstein’s posit to Robinson, “I think you should quit your job and go and work for the good guys.”
  • During the presentation “Bitcoin 2020+” with Elizabeth Stark (Lightning Labs) and Neha Narula (MIT, Digital Currency Initiative), Narula sparked Twitter fodder when she questioned the need for institutional support of the movement vs. use of the people, stating “Mainstream adoption doesn’t mean institutional adoption. To me, it means people–everyday people–are actually using this network.”
  • During her keynote “The Anxiety of Influence: The Ideological Contradictions of Crypto-Governance,” Meltem Demirors (CoinShares) related the need to be different and pull away from the inequalities and power-driven decision-making structures that have been seen to go so awry over the course of history, and more specifically in recent weeks and days.
  • Albert Wenger (Union Square Ventures) thoughtfully discussed income and wealth inequality, opportunity attainment, and other themes of the scarcity of attention to valuable, curated knowledge as a society to drive impactful change during his fireside chat with Ryan Selkis (Messari), “The World After Capital.” 

Videos of select presentations will be posted on Messari.io/Mainnet2020 for attendee and Messari Pro subscriber access, and on the Messari YouTube channel in the coming days.

The event was produced by Messari, the crypto industry’s leading market intelligence company. Event sponsors included: title sponsor BitGo and top tier sponsors Bitstamp, Crypto.com, Nexo, Anchorage, Fireblocks, Sila, and ZUBR.

About Messari: 

Mainnet is a production of Messari, the industry’s leading market intelligence company focused on the digital asset ecosystem. The company’s tools and research solutions provide customers with actionable insights to confidently make decisions in the fast-moving crypto-asset space. Since its inception in 2017, Messari has built strong relationships with the industry’s top thinkers, investors, and builders from today’s most promising projects. Learn more about Messari at messari.io.

Huobi Token Begins Trading as Japan’s First Compliant Global Exchange Token 4998

Huobi Group today announced that its native ecosystem token Huobi Token (HT) has been listed on Huobi Japan as a fully compliant crypto asset. HT is the first global exchange token to receive regulatory approval for trading in the country by the Financial Services Agency (FSA), a Japanese financial regulator responsible for overseeing banking, securities and exchange, and insurance sectors.

According to crypto market analysis firm DataLight, Japan has more than 6.2 million crypto asset investors, making it the second-largest crypto trading market in the world. The country is known for having some of the most stringent compliance policies for crypto assets and limits the number of new tokens approved for trading. HT is currently one of just 26 compliant crypto assets to trade in Japan under the FSA’s guidance.

“The HT approval process was an arduous journey, so we’re incredibly excited to now offer it as a trading option for local users,” said Haiteng Chen, CEO of Huobi Japan. “The listing is a testament to Huobi’s on-going commitment to its global compliance strategy. We will continue working closely with the FSA to ensure full compliance with local regulations so our users can trade with ease in a safe and secure environment.”

Of the compliant crypto assets in Japan, HT is the country’s seventh-largest token in market capitalization. Huobi Japan supports six trading pairs for HT, including HT/JPY, HT/BTC, HT/ETH, BCH/HT, XRP/HT, and LTC/HT. Users can also access Huobi Japan’s fiat-to-crypto gateway to purchase HT directly with the Japanese Yen at local branches. In the near future, Huobi Japan will reduce the HT fee and launch HT voting functionality to strengthen the exchange.

As a localized exchange and subsidiary of Huobi Group, Huobi Japan began working with the FSA in mid-2018 to meet all regulatory requirements and obtain the proper licenses to operate legally in Japan. In late 2018, Huobi Japan received the Kanto Finance Bureau No. 0007 license issued by the Japanese Ministry of Finance, which allowed the exchange to support six digital assets, 10 trading pairs, and a fiat-to-crypto on-ramp for the Japanese Yen. This early regulatory approval of Huobi Japan ultimately helped pave the way for the HT approval.

HT’s listing comes as Japan continues to tighten regulations and updates existing laws to better define crypto assets. Last year, the Japanese House of Representatives passed revisions to two pieces of legislation, the Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), to classify and regulate crypto assets. Japan began enforcing the revised versions of the PSA and FIEA this past month.

About Huobi Japan

Huobi Japan is one of Huobi Group’s strategic overseas operations. Through acquiring a licensed Japanese cryptocurrency exchange ‘BitTrade’ in September 2019, Huobi Japan has since been able to provide Yen-to-crypto trading services in a legally compliant manner. In an effort to build a world leading digital asset exchange and with liquidity shared with Huobi Global, Huobi Japan is committed to providing secure, professional and quality services for Japanese users.

About Huobi Group

Consisting of numerous upstream and downstream enterprises, Huobi Group is a leading global blockchain company. Established by Leon Li in 2013, the company’s Huobi Global exchange accumulative turnover exceeds US $3 trillion. Huobi proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 170+ countries. For more information: www.huobi.com.

Ideanomics Announces Reduction of Debt Holders as Part of Growth Plans 4887

Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to announce the second-stage of debt conversion, with the noteholders of each of the senior secured convertible debentures, and subordinated secured convertible debentures originally issued by the company during 2019, representing approximately USD 10.6 Million owed to two NY-area funds, ID Venturas and YA II PN. This comes on the back of last week’s announcement that the Company’s Chairman and Vice-Chairman had each converted their debt as part of the Company’s plans to clean up its balance sheet and reduce interest payments as it gears up for growth. The effect of this has pushed out the average maturity on remaining debt until mid-2021.

As part of its growth plans, Ideanomics, MEG, and Treeletrik are currently expanding their management teams to take advantage of the anticipated growth. Additionally, the company is finalizing plans for a 10b5-1 program, which will allow management to enter the market to purchase the company’s stock at pre-determined intervals and avoid concerns related to the possession of material non-public information. 10b5-1 plans allow executives to notify the market ahead of time about intentions to conduct purchase and sale activities and in a regulatory compliant way with which to conduct such transactions with full transparency to the market.

About Ideanomics
Ideanomics is a global company focused on facilitating the adoption of commercial electric vehicles and developing next generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity as well as financing and charging solutions. Ideanomics Capital includes DBOT ATS and Intelligenta which provide innovative financial services solutions powered by AI and blockchain. MEG and Ideanomics Capital provide our global customers and partners with better efficiencies and technologies and greater access to global markets.

Ideanomics MEG Begins EV Taxi Deliveries in Guilin, Guanxi Province 5410

Ideanomics is pleased to announce the commencement of electric taxi deliveries for Guilin, Guanxi Province. In November 2019, Ideanomics announced that its Mobile Energy Global (MEG) division secured an order for 2,300 electric taxis from the City of Guilin in Guanxi province though MEG’s partner QuianXi.

Ideanomics now expects delivery of the first 200 EV taxis within July 2020, beginning immediately and completing within the next three to four weeks. This order of will be comprised of Dongfeng Nissan Sylphy ZE vehicles, a regional version of the midsize sedan also known as the Nissan Sentra in other markets. The Sylphy is the best-selling Nissan model in China. The balance of order announced in November 2019 is expected to be delivered through the end of the year and will likely involve multiple manufacturers.

The initial 200 electric taxi delivery is valued at approximately RMB 20 Million or USD 2.8 Million. Ideanomics anticipates these vehicles will be booked on a gross basis, subject to the terms of the executed sales contract and in accordance with U.S. GAAP.

“As China’s economy recovers and businesses gradually resume operations, Ideanomics continues to execute on its business plans and grow its EV business,” said Ideanomics CEO Alf Poor. “We are pleased to announce this delivery and expect to build sales momentum throughout the year while redirecting resources from non-core businesses to help support growth in MEG.”

HubMiner Inc. Announces the Launch of World First Advance Direct Liquid Cooling Miner: Enhanced Performance and Productivity 6401

Hubminer Inc. is strongly emerging as a game-changing discovery in the rapidly evolving global cryptocurrency market. The company recently announced its arrival with four cryptocurrency mining rigs, each offering hash rates that are unheard of in the industry. The four products from Hubminer Inc. can be used for mining Bitcoin, Litecoin, Ethereum, Monero, Dash, and Zcash. The earliest customers of the company have already started to receive the first set of miner shipped out already.

Driven in part by recent speculation around Bitcoin’s third halving, the current macroeconomic environment, and as more sophisticated investors enter a maturing market, According to the data released by TokenInsight, last quarter, total derivatives market trading volume on Huobi Futures reached $438 billion, accounting for 22% of the total market trading volume. While institutional traders were major contributors to the recent growth, there was also a substantial uptick in activity from retail traders.

“The last few quarters have been particularly exciting for the crypto derivatives market, but I’m more excited that the increased activity we’re seeing today may be a catalyst for widespread crypto adoption,” said Ciara. “Rising demand for crypto derivatives from both institutional and retail user bases signifies growing acceptance of digital assets and a maturing market.”

Hubminer Inc. is constantly innovating to bring new, improved mining equipment to the market. Currently, the company’s offering consists of HubMiner’s range of mining rigs. They are multi-cryptocurrency mining platforms that support operations on Bitcoin, Litecoin, Ethereum and Dash blockchains. There are currently four different products on offer – F-X8, F-X16, F-X32 and F-X16 x2, all capable of supporting profitable operations on the blockchain of choice.

Delivery Fee and Custom Fee will be covered by HubMiner Inc., the customer only pays for the unit and receives everything needed for setup without any hidden fees. “Consumers now know our competitors are beat. They can’t reach our power, and our extremely low power costs. We have huge mining power. It’s the best investment on the market,” said Richard McDermott, Operational Director, COO, HubMiner Inc. “We have strived to give customers the first-rate possible investment in the market.”