China's Ant Group releases digital copyright platform on AntChain

The platform is just the latest product in the fintech's long-evolving blockchain solutions.

Chinese fintech Ant Group - which is now poised to launch what could be the world's largest initial public offering - has announced a new platform via its blockchain business.

Ant Group spun out from e-commerce giant Alibaba and is the parent company of China's largest digital payments service Alipay.

Ant Group's blockchain business, AntChain, has today rolled out a new digital copyright services platform.

The platform generates a unique, tamper-proof digital copyright certification and notary stamp for each work that is uploaded into its database.

AntChain's platform incorporates digital ID and search services to help creators more efficiently track and detect possible copyright infringement.

Some 10 million original works are already being uploaded and certified each day on the new platform, according to AntChain.

One of the early partners in the new platform, which joined during its trial period, is the digital music score copyright distribution network, Shanghai C.C. Music Culture.

AntChain's platform generates smart contracts that record and automatically distribute revenue due to the network's musicians and rights distributors.

Since 2015, when it began to work with blockchain solutions, Ant Group has developed its own increasingly sophisticated platforms that join the technology with AI and the Internet of Things, as well as backing blockchain research and development overseas.