Alibaba will create a blockchalter with administration

The Chinese alibaba giant filed an application for the blockchain system to the American Patent Bureau, allowing the administrator to interfere with the work of a smart contract to combat illegal operations.

The document says that authorized participants will be able to freeze or block user accounts associated with illegal actions or make changes to the network. The authors believe that, despite the many unique advantages of the blockchain, the technology does not provide functions for responding to individual situations of real life. As an example, they call the execution of a judicial decision on blocking a record, which is now impossible to carry out due to the conflict with the terms of the smart contract.

The patent provides for the development of a system of effective administration of the entire blockchain, but with limited rights, which will not allow to influence normal transactions. It is assumed that such control will be able to carry out state structures or trusted organizations. Existing blocks-platforms allow you to implement such a mechanism, but such projects are very complex in sales and vulnerable. Development Alibaba can potentially solve these problems, simplifying changes.

Now there is an increase in the tendency to use decentralized systems of work. Even popular centralized stock exchanges, such as