Alibaba applies for patent on blockchain trading system in Brazil

According to the Industrial Property Magazine (NPI), Alibaba has registered a patent for a blockchain system in Brazil. The patent categories include "insurance", "financial business" and "currency business". According to NPI, the name of this mechanism is "Ant Unicorn". In terms of financial solutions, the patent covers real estate services, credit card payment systems, invoice processing, and enhanced transaction security processing. The report did not specify whether the plan would be implemented in Brazil.