Ant Group, the Chinese fintech giant gearing towards possibly the largest initial public offering the world has seen, has recently announced that it had developed a new platform, doing so by way of its blockchain business.

Copyrighting Everything On One Platform

Ant Group itself was spun out of Alibaba, the Chinese e-commerce giant, and parent company to Alipay, the largest digital payment service within China.

AntChain stands as the blockchain business of Ant Group, and has rolled out a new digital copyright services platform today. This platform stands as a combination of AI and blockchain technology, and allows creators to verify and authenticate all kinds of original content in a secure way. This can be done, whether the material is image-based, a video, or even a piece of writing.

Court-Legal Certifications

The platform itself is capable of generating a tamper-proof, unique digital copyright certification, as well as a notary stamp. It can do this for every piece of work uploaded to its database. The certifications themselves were developed in such a way that they’re capable of being used in tort and copyright infringement cases, as well. Through doing so, AntChain claims that it can save up to 95% of the costs users pay, which are associated typically with the process of obtaining registration and certification of copyright.

AntChain’s new platform further allows for search and digital ID services, allowing creators to track and detect possible infringements to their respective copyrights more effectively. As it stands now, around 10 million original works are being uploaded and certified on a daily basis within the platform, at least according to AntChain.

A Company Rapidly Expanding

Shanghai CC Music Culture stands as a digital music score distribution network, and was one of the early partners of the platform. It joined up back in the trial period of the platform. AntChain’s new platform allows for the generation of smart contracts, which subsequently record and automatically distribute the revenue to the rights distributors and musicians of the network.

Ant Group has, since it started working on blockchain solutions back in 2015, developed an array of increasingly sophisticated platforms for blockchain technology. These platforms typically get paired up with the Internet of Things and AI technology, with Ant Group backing development and research into blockchain technology overseas, as well. How the company will react and adapt

Ant Group has been making a hard push for blockchain technology and its use cases for some time now. Once China’s state crypto, the DC/EP, gets fully launched, one must wonder how the company will react and adapt.