The Chinese financial technology group Ant is preparing to launch the world’s largest initial public offering, and the company has announced a new platform for its blockchain business.
Ant Group spun off from e-commerce giant Alibaba and is the parent company of Alipay, China’s largest digital payment service.
Commercial blockchain company AntChain today launched a new digital copyright service platform. It combines blockchain technology and artificial intelligence to enable creators to securely authenticate and verify all types of original content, whether it is video, image or written material.
The platform creates a unique tamper-proof digital copyright certificate and notarized seal for each work uploaded to the database. This certificate is intended to be used in cases of copyright infringement or damage. The company claims that these services can save users 95% of the costs usually associated with obtaining copyright registration and certification.
In addition, the AntChain platform also includes digital ID and search services, which can help creators track and discover potential copyright infringements more effectively. According to AntChain, about 10 million original works are being uploaded and approved on the new platform every day.
During the trial period, one of the first partners to join the new platform was the digital music copyright network Shanghai C. Music Culture. The AntChain platform has created smart contracts that can automatically record and distribute the income of online musicians and copyright issuers.
Since 2015, when Ant Group began to use blockchain solutions, it has developed an increasingly advanced platform that combines technology with artificial intelligence and the Internet of Things, and also supports foreign blockchain research and development.
Despite its firm commitment to the blockchain, the company also renamed AntChain with ease and humor.