WIPR reports about a new patent application filed by one of the biggest online retailer Alibaba in the US. This patent concerns a blockchain technology that allows government agencies or authorised parties to freeze accounts in Alibaba for which there are suspicious for an infringement of intellectual property rights.
This will facilitate the enforcement of IPRs which is a challenge in the digital era.
According to the article, Alibaba possesses more than 10% of all patents related to blockchain technology in the world for the last year. This technology is deemed as a potentially effective tool for combating against online IPRs infringements.